Well um... I guess this'll be interesting to some people here.
Oh yeah, they've had a build of this on a cabinet at BABScon. It's been good, but the cabinet here only has four buttons when it's a six button fighter, so there's been no grabs or taunts (which are supposed to do things now, like 3S), and the sticks themselves are kinda real bad, but the game seems a lot better so far.
Granted, a vast majority of the people who played have no idea how to play fighting games, so it's hard to tell how the balance has changed for the most part. Tho I'm really hoping for the better, cause 1.0 stopped being fun when everyone exposed how stale and broken it was.