i haven't played much of the new ones beyond 2009 and checking out the demo each year, but it's definitely a lot more modern feeling than, say, PES6, and the interface is current (power bar under players, etc). i think the graphics are miles better than the wii series, too, or at least the one i have.
i put a lot of time into PES5 on PSP and this is certainly a lot better than that!
edit for the guy who asked about master league: i don't know what "proper" master league means but there is a mode called master league. i've only played through champions league so far.