I got it. It's similar to the demo - meaning it was not sped up. The lighter weight classes do move quicker obviously. I haven't fought a heavyweight match yet, but I did have a Holyfield-Toney fight and by the time it got into the later rounds it was slow as hell. I really wish they would have sped it up just a tiny bit, but....
...regardless, I like it so far. Now, depending on how much value you place on graphics (is it worth 20 bucks?), the XBox version is just as good, if not better (I've heard it is a bit faster, but I'm not positive). Using the 10% off coupon at BB, it wasn't terrible, about 57 bucks after tax. Yes, I bought it because it looked better. I don't always do that, but I like the FN games enough to drop the extra cash to get the best presentation.
Personally I liked the "no HUD" presentation, you really can tell how the guy is getting winded when you are kicking his ass. I went into the Barrera-Morales ESPN Classic fight and went 11 rounds before knocking him out, back and forth the whole time. It was really entertaining. IGN said it's too easy, but I'm playing on medium and don't find it to be that much of a pushover at all. I've fought 6 times and lost twice (and I was a FN2 vet, so I wasn't going in blind), so it can't be THAT east.
Speaking of which, the ESPN Classic mode is no big deal, there's nothing fancy about it other than you unlock the create-a-boxer package for the guy you win with.
Create-a-boxer is pretty much the same as before, with enhanced graphics obviously....a few more new nicknames added this time around, but sadly still no "Stallion." Yes, I'm one of the zillion people who will make a Rocky created boxer; come on, they let you change from southpaw to regular in mid-fight, you almost have to. It's like the law.
There IS "Clubber" however if you want to make Mr. T.
Haven't gotten that deep into create-a-boxer yet, will post again later when I get a guy up and running.
So far - and this is subject to change - if you like the FN games, I'd give it an 8 or a 9. Great game, just not that different from the last one. If you're not a fan of the FN games, I'd lower my score by at least a point, especially due to the slower gameplay.