Got mine today from Planet Axel - graphics ARE ropey definitely
Very blurry textures, angular models, ugly faces and also fair bit of slow down. Pretty disappointed on first play through. Its not terrible, but certainly was expecting better considering the power of the Vita and the quality of The Show on the PS3.
Feels a bit like an afterthought with the lack of presentation too (game is fixed to 'quick play' mode), with no replays or anything decent broadcast wise which is also really jarring.
The gameplay does start to shine through and after the initial disappointment, I'm having some fun with it, but not as good as I thought it would be or as it should be I feel.