If you read the IGN article, it contradicts everything you said.
THQ specifically stated that if you are a button masher you will lose.
they have made a new game engine for this and said that nothing will come from there wrestling games.
i dont know what trailer you were watching, but the one i seen, the graphics looked really good and even IGN says they were too.
I think you are expecting far to much from this game. i thought the game looks awesome and i cant wait for the demo to come out.
I could really care less what the developer says at the moment because they have two options and thats use the standard press a to punch methodology or use the flick it stick type methods. Just gauging by the animations of the characters and the fact that there was very little fluidity in their movements that is provided by the flick it style motions of the analog sticks which more or less means yes you will be mashing buttons.
Just because someone tells you somethings doesn't mean its true and everyone keeps saying a new fighting engine and i hate to break it to you but engines run the entire game not the way you play it. This game could be built off the unreal engine and the way you play it isn't going to changed that it all based off the controls implemented into the games overall design.
Compare those graphics to any game on the market that has a an above middle sized budget and you'll notice horrible textures poor lighting effects and and pretty low frame rate (All of which can be fixed by the end of the development cycle but it's a big reason why the game shouldn't have been shown YET.
I think your expecting far too little from a game that deserves a better developer behind it and this is something im big on because well outside of MMA and skateboarding my a HUGE nerd. THQ is one of those developers known for putting in decent yet minimal work into their products especially those under brand names like UFC, WWE and other licensed brands. Because they make the game simply to cater to the hardcore audience and unfortunately do not usually have a desire to make their game fantastic but rather just to make money off of the licensed name. it sucks but it's all to common in the video game industry.
Dont get me wrong my friend I REALLY hope your right I WANT this game to be amazing but just going off what they are known for and the early presentation of this game im fairly unimpressed. God I hope im completely wrong in all aspects of what I said though.
But as I said before the game is obviously early in the development cycle and in my eyes it was a bad idea to show this game so early as it leaves a bad taste in peoples mouths.