Its like 03 in terms of lag (theres till problems). It's 2 people online only (vs each other).
They took out the "Playbook (strategy settings)" for some reason. So, no autosubs, no setting who you want to guard, etc... Theres also only 5 sliders to choose from.
No online franchise mode either (like 2k4).
Compared to other multiplayer games its terrible, but still nbalive online is still fun.