The online is your standard/basic online mode. They didn't show it off at the event, the barely spoke on it in during interviews, but I have the debug/preview copy and I've looked around through it. With that said, I can speak on it since it wasn't at the event.
Ranked/Unranked Matches, Online Leaderboards and that's it. You can make custom matches with changing a few of the rules (ref, arena and rounds... let me confirm this in a little bit) and that's basically it.
I've been told that you can disconnect and there aren't any penalties. I don't have anyone to play with online, so I can't confirm if this is true, but coming from the developer's mouth, I'm going to believe it is.
EDIT:
For custom matches you can do the following:
- Change Match Rounds: 2 , 3 , 5 Rounds
- Weight Division: Standard
- Fighter Privileges: UFC & Caf, UFC Only, Any
- DLC Fighters: Any, On, off
- Opponent Rating: Any, Advanced
- Match Presentation: Any, Off, On
(for Unranked matches) Private Settings: On and Off
In the Match setting (where you select your fighter): They'll show a "Player Level" in the corner. Allow you to change arenas and refs.
EDIT #2:
@ my Twitter I have posted 5 screens of the game. 4 of them deal with the Online Portion and 1 deals with the Unlockables. You can check it out @
http://twitter.com/adaylatefriend.