Graphics wise, it's great. Depth wise (in terms of amount of fighters) it's great, with about 80 guys, and it's great in terms of glitches. I haven't seen one yet. It's also great in terms of detail such as the tatoo's, the statistics, intros, etc.
Gameplay is also pretty solid. All the basic moves are there. They could add a bit more, but seeing as this is the first major game for them (the previous ones in the early 2000s were really a whole different series, and nowhere near as good), they'll get more moves as they make new games.
Overall, it's a fun game, and has great graphics. My only complaint is that the length of fights can be short, but I've realised that comes from unrealistic play. You inda have to pace yourself. If you go and just start tossing fists, it'll end quicker than most real fights, because most real fights don't happen like that. If you play with some pace and realism, it comes off great.
Overall, I'm pleased.