Not wonderful, though not a total loss.
The graphics are nice but not spectacular, same with the sound.
I got it because I thought it would be a nice change to my strict gaming diet of RPGs, RTSes and the occasional Sim.
Not great gameplay, tough to master the combos, and unless you have the reflex thing down.. your not gonna be all that great at the game. Either you own your friends, or they own you.. thats about it.
Rent it for a party or something, but certainly dont pay more thant $20 unless you are really into the combat style games.