Thanks for the answers everyone.
I quite liked past entries single player so it's disappointing to hear how bad it is. It's what I used to play hours on end in SC2 and 3.
I like to dabble in the online in fighting games but often get frustrated by lag or other issues, and I've never played a Soul game very competitively before. Also I'm in Australia so I don't really know how many local, non that serious, players there are. Unless I can somehow vs overseas players online with no lag I don't think I'll play a lot of it.
Anyways, I'm still considering it because my local GAME has a trade in deal where you can trade in a PS3 version of Skyrim and get this game for $28. Seems like a good deal even with all the issues in the game?
The online is very well done. I haven't played that much (about 30 matches), but I get very little lag compared to other games - even when playing with people overseas.
The lack of single player does really suck, but for $28, I'd get it right now.
I've put about 40 hours into the offline stuff and will do more.