On the whole the game is good, it's made a lot of improvements so I shall start with the good and finish with the bad.
Universe Mode is brilliant, seriously, I've been playing this game since release and it's still not boring. A schedule of matches across the WWE calendar based on and generated by what happens within the universe. Diffent scenes play and it actually makes exhibition pointless since the belts, the rumbles, the MitB matches all mean something...for once.
The Road to Wrestlemania's are hit and miss, some are fun whilst others are rather boring. The Undertaker Streak one is probably my favourite along with Christian's, people seem to complain about a lack of realism but older fans will appreciate the things within them.
The creation tools are good, will more aditions and better modeled parts for CAWs. With the addition of a create-a-corner finishing move to both the previous states.
Now for the bad points,
Online is still awful in fairness, it's filled with glitchers and cheats and it's probably the most unreliable online environment I've ever used. If you upload creations to the community you will also find that people will copy and rip them off since for some odd reason they are alloweded to reupload downloaded content.
The chain grapple system is an example of lazy testing, since it's broken and is impossible to use against human/online opponents since they reverse the weaker chain grapple attempts EVERY TIME and you will too if people actually try to use them. This can be helped offline by changing gameplay sliders but in fairness this game should have been pushed back to fix this problem.
DLC cannot be used in any creative mode and then be uploaded...at all. That means the dlc you buy off the store can't be uploaded into created stories and your created wrestlers also cannot have moves that belong to the dlc superstars. If you play offline it's perfectly fine but people who prefer online and sharing their creations should take note.
Moves have been removed from Create-a-Moveset as has the ability to change the transparency on most created parts. There are also buggy things with different hair types on different costumes.
I've given this game 3 stars because I feel the change in controls was a bad move (especially when its not working properly) and I feel that this was almost a hash/experiement and hopefully 2012 will be the best yet. Universe makes this game worth playing in fairness compared to 2009 and 2010 where I got bored after doing everything. Good offline experience but it's rather bad if you buy it for the online.