Lacking
First, the Pro: The new characters are good, the graphics are excellent, but I really disliked the new gameplay. Xuo Ci was absolutely sweet. I dominated with his cards. The new moves and Musou Rage were awesome. The were a lot more cool items, and the levels were interesting.
Second, Con: Collecting weapons were the crappiest thing. Who wants to run around the map looking for all the weapons. It was quite boring. It has a low replay value. And, surprisingly, nearly everyone dies in the this one. Even Guan Ping, Guan Yu's son, a new character. The game lacks coolness, and I got bored with it very fast. The new gameplay, weapons, and bodyguards make the learning curve a little longer. The new bodyguard setup is really stupid, and I still think Dynasty Warriors 4 is better.