Some more quick observations. First, the bad.
My biggest complaint right now is the terribly monotonous grind if you want to get any low level character up to a useable status.
The way the game works, leveling up only raises your stat level cap. It doesn't provide you with the actual boost to your stat. You can only acquire this by eating different types food or reading different kinds of books, fairly similar to the original RCR. However, in this game where you have a bunch of different characters, its absolutely brutal. You're going to die a lot, which means half of your money disappears each time, making it very difficult to make any headway. You can grind in front of one particular mall that has cheap food to boost STR (your basic move damage) and ATK (your special move damage), but it takes forever and gets boring really fast.
Once you have some stats, you then have to grind to get some special moves, as combat without them is very difficult. This ranges from easy to hard as hell, and some characters like Provie have their main special move be oddly expensive.
Adding to all that, as you get to the second and third part of the game, the enemies gain increased damage and HP. This makes it even more difficult to build up any character outside of your main.
The easy fix for this would be to have your money shared across your characters, so that you could make some good coin with you main, and use that to beef up the others. Alas, money is seperate for all characters.
The other thing I really dislike is the police mechanic. If you "break the law" by vandalising property or attacking a civilian, your police meter will go up. This will spawn police enemies that are tough and annoying to beat, and you earn no money from. The more you break the law, the more of them will spawn. This will often happen on accident as civilians love to run into the middle of your fight, causing you to hit them. Sometimes they'll spawn with a cop car that plows through the side of the screen and nails you before you have a chance to react. If you hit a police officer on the ground, it will raise the police meter even more. Eventually, and easily, you'll have the screen swarming with cops, and they will spawn on every screen until you lower your police meter by hiding in a garbage dumpster (only after you've defeated all the enemies on the screen), or hide in a hideout. More often than not, these options are not that accessible. I like the idea they had for it, but the execution is just really frustrating.
There's a quest from hell involving bringing a milk bottle from your town to Cindy in "Cashington". If you get hit, even just ones, you drop it and it breaks. You have to traverse a lot of screens without getting hit. Normally this isn't a problem as when your character is running, the enemies will very rarely be able to hit you. However, you run significantly slower with it, making it extremely frustrating and requiring luck to make it. Right now this quest is getting tons of complaints from players, and rightly so.
The move list does a terrible job of explaining how to perform them. I touched on this before, but its all the more frustrating when you get a lot more of them. Thankfully there's guides on Steam that are much more helpful.
As for the good...
When playing my main character, I have a blast. I have a good load out of special moves and stats, and you really feel like you're kicking some major butt without it becoming too easy. My main is Greg who has moves deliberally ripped off from Ryu. Tossing hadokens at enemies is just awesome. This is when the game is at its best.
Enemy variety kicks up a bit after the first Act. You get to beat up a bunch of rich preppies with popped polo collars who drop more money than other enemies. That, in and of itself, is satisfying.
There's a lot of funny text with some good retro references during storyline bits, and when enemies are defeated. Just be sure to keep on eye on them as you're likely to miss them when things get crazy.
As of yet, I haven't experienced any bugs or crashes.
My recommendation would be to pick it up as long as you can deal with the above frustrations. Supposedly they're working on fixing them in future patches, so that's good. You may want to wait until they do. Its not perfect, but its fun, and will scratch the itch we've had for a long time waiting for a new RCR.