The lack of having local multiplayer doesn't really bother me, if at all. I am happy they're including LAN, so my friend can bring his Wii over and play some. However, I really doubt we do this too often.
Really, I'm just hoping for a super smooth online experience...one that's similar to MoH: Heroes 2. At the same time, I want stat-building or a hook (a la CoD4), that brings me back online day after day.
The Conduit, all in all, just looks awesome.