Decent game.
Offline play is pretty good with new gameplay mechanics. New sprites look cool as well. Just that the online play is laggy and the modes are lacking for single player.

Not so good
not so bad, that is, I expected more from an SNK game this time, specially after seeing what capcom did with Street Fighter.
No way, good enough, but SNK could do things a bit better.

Better for the non KOF fans
I'm not a huge KOF and fighting games in general fan. Basically because I suck. I loved the new Street Fighter, but it was too tought for me. Somehow this game has worst for several aspects and reminds me a last generation fighter, but I enjoyed it more. So if you are a hardcore fighter, maybe this will be pretty boring, but if you're more the casual gamer kind of player, you'd love this game.

KOF XII patch has improved netcode
The patch released back in September 09 has greatly improved the netcode and makes the game finally enjoyable online.
KOF XII is one of the most fast-paced versus fighting game around. As true KOF fan you should not miss this one.
Asian version works flawlessly on European PS3.

The king of Fighters XII
Yes it's been a long time coming ,but is it any good ,well in a one word 'YES' but it's not the best King of Fighters game,mainly because of it's lack of characters and no story mode .The graphics are brilliant and the game play sublime but there's just to little of it.It basically is a time attack version over 5 levels.NOT ENOUGH FOR ME .Online at the moment is poor and the lobbies uninviting.Even though there is a patch coming soon ,check out the official twitter and face-book sites.I'm glad i got it (i bought the Korean version)but here's to the next one which is in the pipeline .Bring on King of Fighters XIII