This one is shaping up to be really nice. Really got interested in it straight from the first "Naruto PS3 Project" trailer. If it's going from the beginning all the way to the Sasuke Retrieval arc, I'd say thats a pretty decent amount to go up to. If anything, it beats out the Clash of Ninja Revolution roster for the Wii. That was my first Clash of Ninja and I was so disappointed in the roster, especially when I looked up the rosters on the other CoN's and saw that they were much bigger and had a better variety of characters (which I still don't understand why Tomy didn't include in the Wii game).
I didn't hear anything about the downloadable characters but if that's the case, then all the better.
And the graphics really do look like the anime.