This must be some game on the 360 to have gotten the rave reviews it has because ultimately on the PS3 I'm afraid to say that it's a different affair.
First the good bits. The game has good varied boss battles, tons and tons of moves to master, plenty of power ups to purchase and is pretty lengthy to boot.
However, the bad bits are glaringly obvious. Being a port of the 360 game no doubt the graphics are washed out & grainey, animation is choppy and as a result it becomes difficult to see exaclty what is going on when things get really hairy and hectic on screen. Load times are also silly due to the abscence of a hardrive installation option as is the norm with most games on the PS3. The results are that load times in between levels are lengthy, in-game loads are far too frequent and very annoying for a game that is focused on fluid combat.
This might sound like nitpicking but as Bayonetta was being billed as the new action figure to knock em dead it falls some way short. Compared next to the competent DMC4, excellent NG Sigma 2 (which is the way a 360 game should be made on the ps3) and upcoming GOW 3 the technical flaws really stand out. A muddled story line doesn't help either something at least the other titles were strong on.
Being offline sadly I can't comment on the possible patches that might fix some/all of the problems mentioned but somehow I doubt they could as the game on the PS3 was a case of poor programming to begin with. Overall it's worth a look at a bargain price but just don't go expecting a GOW killer flaw or no flaws.