Quite liked it personally, liking the slower pace of the game and it feels much more realistic than past arcadey 100 mph matches.
The new finisher system is a bit annoying, having to build it up twice before you can execute a finisher... but thats just getting used to a new system I suppose. It should also stop matches finishing so quickly.
I'm also enjoying the fact that your matches do now last around 5-10+ minutes now because it's harder to hit big power moves.
Locking in a finisher with Rey Mysterio is a bit of a pain... I'm so used to locking it in and moving at the same time... which you can no longer do because the roll command is
RB+RT and move
lock a finisher is also RB+RT
So I constantly find myself rolling around the ring when trying to lock a finisher.
Taunts don't add onto your match bar as much this year, or at all at times.
The commentary is hella buggy though, constantly skipping out lines and jumping between characters.
Oh... and Smackdown commentary is the worst of the lot, it's last years commentary but Bradshaw reads out Tazz's lines and does them horribly! Coles commentary is just last years with the word Tazz cut out of it :-/
It's great to hear Joey Styles in a video game again though
Crowd noises during intros are a little better this year, specifically during long intros.
Undertaker walked down in almost silence at points last year, this year there is a chorus of cheers which is better.
It feels like it's lost a lot of moves though which is a pain. Only up and down power grapples have extra moves to go to, and down is submission. So your character has effectively lost 8 moves (left and right).
However they've reworked a lot of the animations for moves this year, a lot of them are much crisper and look a lot better.
Orton's RKO looks much more realistic.
I will be picking this up, it's got a few niggles that I've found annoying as I've said... but it feels like they've completely reworked the game and are trying to take it in another direction this year.
Shame there is no Sandman or Tommy Dreamer in the demo
PITA that Van Dam isn't in the game at all (I do realise he's not contracted to WWE anymore), but having him and Sabu in a decent video game would have been brilliant.
I hope they sort out CAW mode this year, as last years left a lot out and there weren't many options (especially with only having about 10 hairstyles!).
edit:
I'm not 100% sure on the things like the powerups, super powerful punching, reverse everything, nothing can be reversed etc.... hmmm...
On the one hand you think that they're trying to create a game that is more of a simulation and realistic portrayal of wrestling... and on the other it's return to it's arcadey roots...