Finally got the game today. Spent about 40 minutes pissing about with the update and downloading all the DLC. Did a couple of matches just to get used to the controls again after playing SVR 06 all week. After that I did a KOTR tournament with 16 guys. That was fun. AE Undertaker won.
I've yet to try the AE mode, but from what I've played so far, its just WWE '12 with a different roster