Great, But Lacking Content
Overall this is a great fighting game that is easy to pick up and play but hard to master. It uses 3 buttons (punch, kick, and block) and a variety of arrows to pull off combos, but it's not a button masher like some other fighting games. The biggest problems with this game are the severe lack of single player content, as there's only an arcade mode and various practice modes, and the customization options are majorly lacking and not anywhere deep enough. There's a versus mode that is local multiplayer only, and can't be played solo, which is ridiculous. There's no story mode, no unlockable content, no team battle, etc. The game is fun and plays great, but it's just very bare bones. The bulk of the game is the online mode, so once people move on to newer games, there's little reason to come back to play this one, like any other multiplayer game.
There's 19 playable characters and 20 levels to choose from. If you buy the Deluxe, you get an extra level to play on based on the original VF game, as well as the original polygon style characters from the original game. The Yakuza pack adds a costume for everybody, as does the swimsuits included with the Deluxe. The Tekken crossover DLC is not included, but sold separately. You also get 531 music tracks, totaling nearly 18 hours, from across the entire franchise history, as well as 2 small artbooks, and some wallpapers and titles for your profile included with the Deluxe version.
This is definitely worth a purchase, but your mileage may vary, as if you don't play online, there's really not much going for this game.