You'll be sorely disappointed by the co-op implementation unless you plan on sitting on the same couch. You have to play through a level solo first before you can play online co-op on it which means you cannot play through the story with a friend.I'll be buying it anyway since I have friends who are getting it and want to play co-op (which I have never done before).
But yeah, the price is nutty. And I still don't understand why they put Sophitia in there. If you're gonna add a Soul Calibur character, add fucking Nightmare.