I've kind of cooled down about the whole thing, but it was all about timing. The announcement came the same week that they canceled MML3, way after they shot down AAI2 coming stateside, and way after Lupinko posted about an updated version at Captivate. Not to mention that this was an upgrade coming out in the same calendar AND fiscal year to a game I already spent $60 on.
Looking back, though, it makes sense. The X-Factor changes seem too substantial to simply patch in. New moves, as well. It's one thing to merely change numbers and basic properties, but it's another to do a complete overhaul. And that's not even including DLC characters. I guess it was just frustrating knowing that I got hosed for $60 again, even if Ultimate wasn't always the plan. I wouldn't call it a waste of money, but it just feels like... robbery.
I still go back to MvC3, to answer the question.
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I like how each new topic you make reveals such varied facets of your idiocy. - foolmo
Now this is entertainment!