Honestly nothing about it looks special. It looks so similar to sf4. It would be easier to be hyped about it if sf4 didn't have almost annual "expansion" releases.
It reminds me of Bungie with Destiny, they've made gold in the past and try something new and it turns out to be absolutely garbage. I'll keep playing Lost World, thanks.
Project M is still better. But I may just be a bit biased because I don't like playing Smash 3DS due to the controls... When the WiiU version comes out I will start taking it seriously, but as of now this is being played as casually as possible.