And if you guys scroll down through the comments on the blog, one of the SCEA guy talks about the lag, here's the excerpt for that:
Jason Villa replied on February 24, 2009 at 10:27 am
"I can assure you, framerate and handling lag has been worked on all year and improved. The online game is locked at 60fps. We have added code to ensure that any packet loss that may occur is handled. Bat ball connection in both real-time and replay has had a lot of attention."
You're welcome. :D