Just listened to the Gamespot video again, and realized he said "no competitive multiplayer" and "co-op only."
How freakin' cool is that? I love playing Saints Row co-op, and the competitive online in 1&2 always felt like good ideas with bad tuning and absolutely no accounting for griefers.
Now if they just implement a "cheats active" check BEFORE allowing other people to join my game, I'll feel like I've been delivered to the holy land.