That game was doomed from the beginning. Terrible graphics (even when ported to the consoles), some of the worst voice acting I've ever heard, the combat was a mess and it took absolutely no chances. It was a cookie cutter clone of Smash Bros. that didn't try to do anything new or interesting. PS All-stars Battle Royale looks great and so does the gameplay. It may be copying heavily off of SSB but at least it looks it's trying to do its own thing.
I think this will definitely be better. Sony wouldn't half-ass something that could be as potentially beneficial for their brand as this game.
I can only assume that they intend this to be THE GAME for playstation fans, like Smash Bros. was for Nintendo fans. --- I am the Box Ghost. Beware. http://25.media.tumblr.com/tumblr_lqz6jrOvvK1qd3p2to1_500.gif