This is the ultimate male "guilty pleasure" video game expereince (the 'Dead Or Alive' series isn't too far behind mind you).
It has functional presentation and options and limited long term value (though the Xbox Live option - which I don't have at time of writing - remedies this issue somewhat).
However, if you get this game for what it is and play it for what it is it more than does the job. Female wresting is sexy and fun, and this not only caters for that but has a strong aura of fetish about it. Having Reiko wrapped-up snake-like with Candy Cane maybe ultra shallow and adolescent, but that doesn't stop it being nice to do!
This game is no Bioshock and it shouln't be expected to be so. But if you want to cater for those ultra shallow cravings this is as good as it gets (for now). Good visuals too, and a really cheesy soundtrack.
It gets 3 out of 5 stars because it delivers on what the game was ultimatelty designed for.