I can't say I'm a big Street Fighter fan (though I know the storyline quite well) but I am a big fighting game fan (and RPG fan), I used to play Melty Blood: Act Cadenza, Arcana Heart 2, Guilty Gear XX: Accent Core and King Of Fighters XI at arcades in China town with my friends and a pocket full of singles about to be converted into [Namco] game tokens, and as I see it Street Fighter started this genre so this holds relevance to me (plus I plan to be a game designer someday, so it holds alot of relevance, I know the history of video games like a text book).

But anyways I'm straying off topic, there's a nice Karate Kid reference in this video and the game seems to play just the same as the arcade classic even with the new HD graphics.