I got a prerelease copy tonight and just beat the single player. There is no create a fighter which is quite dissapointting. The grapple system is excellent. Most of the musicians/fighters I am not familiar with, but its a pretty fun game. With a story mode that can be beat in a couple hours and no create a fighter, I'd definitely recomend it only as a rental to those of you who dont play much multiplayer. I havent had an oppurtunity to check out the multiplay yet, but from the rest of the game Im looking foward to it greatly.
Kaine