Lots of "Eye Candy", but little to do.
There is a tournament mode, a training mode, exhibition, and Xbox Live play. The Tournament mode gets old quickly. The training gives you the basics but really doesn't go into extensive detail, making it difficult when you actually go into Tournament mode against difficult opponents. Exhibition really doesn't have any benefit unless you're playing multiplayer.
The only place that really shines on this game is the Xbox Live mode. This is really the only place that you're going to spend the majority of your time. Little to no lag, very fun playing against something other than the computer which isn't very forgiving.