I have the 360 version, and it is pretty cool. Graphics are pretty amazing and game play appears to be much more realistic than prior versions. I actually had a tough time beating Toledo in game 1 of the season. It was a 28-21 triumph, but it took a sack on the ISU 12 to seal the deal with 30 seconds left.
Game appears to be somewhat stripped of some features from prior versions though as well. for instance, there is no 'Crowd-effect' on the screen or controller. I remember in 2006 how the screen would shake, etc when the other team's crowd got really fired up.
Overall, thumb's up in my opinion on the x360