First off let's talk gameplay, it's great! I love the controls, it's somehow easy and complex at the same time. It shouldn't take too long to get used to the controls, especially if you played skate before. As for the graphics; meh, it's ok. Nothing special, and nothing horrible, just ok enough. There are funny ragdoll physics where it's obvious that this is not a triple A quality game, but it doesn't take away from the game so I dont mind it.
Many people complain about how there's nothing to do, but I don't really care. As one review said, "this game is more of a musical instrument than a game" . It's relaxing to just skate around doing tricks, nice break from call of duty or something like that.
The reason I gave it 3 stars is largely because of the maps, and there being no map editor or a way to download other people's creations or mods like on PC. This game desperately needs more (better) levels. Even though I am enjoying the game, it's definitely not worth the $40 at it's current state.