It's still a mess 2 months after release. The entire online system is just clunky. It takes way too long to get in and out of matchmaking, the lobbies it has are kind of dated, searching for lobbies is a fucking mess, they fucked up the rollback netcode implementation by giving you zero control over input delay, no way to see ping, no penalties for rage quitting (lmao), player 2 not being able to go to character select in vs mode, awkward as hell faces/hair on some characters, etc.
It seems like Capcom just ran out of money and were forced to ship early. The game feels like it needed another year of development.