First of all, I have to mention that my English is not very well.
I only played one game, so some of my comments may be wrong.
Advantages:
The graphic is much better.
The commentary is great.
Some classic jerseys.
You can make a player wear bands or sleeves.
Great dunk animations.
Free Style control(The Best!!!!)
Practice mode(Only can priactice shooting and freestyle, no free throw)
Signature shoes(not for everyone, though).
The newest rosters(this is much better than PS2 and XBOX verisons)
More floor talking during the game(when the shot clock's time runs out, you can hear like: "watch the clock." )
Easy to make shot.
In the menu, you can choose what song you want to listen.
.....
Disadvantages:
Like the most said, the game is so fast, the block is so strong, and the steal is so much.
You have substitute the players by yourself. In the last game I played, the cpu has never substituted any player, unless some one is in foul trouble.(The biggest problem)
Before game, it doesn't introduce the starting lineups, just like the demo.
After you substitute(if you make a big change), your center is gonna guard the opponent's point guard.
It is so hard for you guard on a person, I means they run so fast.
The menu is not as good as the previous verions, too complicate for me.
...
Anyway, I love this game, I wish that substitutate player problem does not exist.

