I just got home with this game around an hour or so ago....so I cannot add much to what you said Shinku.
I can agree with about everything you said, although you skipped on Ult 2....what you said seemed pretty accurate.
Nice little something I noticed was that when I turned it on I got 50,000 Ryo for playing Ult 2 XD That really made me a bit happy on the start. Plus 597 Ninja info cards. When I play it more tonight I shall add a lot more if possible....so far though I can say this.
The new Japanese voice over option is a huge plus for this game. A fan of the Naruto series will appreciate this game. There is a new thing called Jutsu Clash where if you have to people using certain Jutsu then they can have a little button mashing battle.
So.....YES you can recreate the moment of impact between the Rasengan and the Chidori.
I know that is what most of you were thinking when I said that haha. When roaming in the RPG style story of the game and can map jump instead of running everywhere like in Ult. 2.....hmmmm also you are able to run up the buildings and such which is nice as well.....like I said though only an hour into playing it.....I will add more to this tonight