Okay, put about 4 hours straight into it. Played arcade to unlock Billy and then quit, the rest of the time was spent between practice and online play.
The game itself is amazing, gorgeous and a fantastic port. Couldn't have asked for more really. The gameplay is fantastic, drive cancels aren't too strict and shortcuts work great (like if you want to do rdp+LK into air super with Kyo all you have to do is rdp+LK and then just qcf+P for the super). The loading times are simply excellent.
Tried a bunch of characters quickly to go online. Once online I picked a few characters to try out and clicked with Kyo, Andy and Robert real quick. 1 or 2 losses and the rest were wins, though the level of play is pretty dang low right now so nothing to be proud of.
One thing I don't like about online play is that if you set a connection bar requirement it doesn't really make a restriction, anyone can still join.
1 bar sucks, 2 bars is bearable and 3 bars is very much playable, all as expected. Didn't play any 4 bars. Unfortunately all the 3 bar players I got kinda sucked and left after just one match. The last guy I played with 3 bars went real well, I was able to do combos, supercancels etc no prob.
Only thing ruining the experience for me is the damn pad, haven't played on one in years. What I wouldn't give to be able to connect a keyboard to the PS3 to play on instead.
Overall, thank you SNK, you seriously delivered.