"Online Mode:
Simple Match - Basically quick match, you can set amount of rounds and region
Rank Match - set amount of rounds, region, and opponent strength max/min
Lobby Match - round, region, opponent strength, fight rules and fight type, up to 16 players
Leader Boards - you can download replays here
Fighter List - Rival System like SCV. If you view them as a rival after your match, it gives you stats on your win/loss ratio against them. You can also send them throwdowns or invites to your game. Also able to remove them if you want."
Here's a quote from another user that has the game. Perhaps this will provide a better understanding in regards to what the online mode currently offers. This of course doesn't make up for the poor netcode but considering that the game isn't officially slated to release until the 25th, I'm sure it'll be patched and brought up to efficency. I think Team Ninja knows that a lot is riding on the proper sucess of DoA5