Some of the new features for the title, as proclaimed by the official site, include:

• Everyone Can SKATE. - New skate fans can learn the ins and outs of skateboarding with Coach Frank in the all new skate.
• Team Up. Throw Down. - Work together to take on challenges and progress together through the career campaign or slay all suckers in head-to-head competitive battles for bragging rights. Players can keep tabs on the happenings of their teammates and rivals with Skate.Feed, the all-new game and web social network.
• New City, More Tricks, More SKATE - Say hello to darkslides, underflips, and the all-new skate mecca, Port Carverton - featuring three unique districts (University, Industrial, and Downtown) full of plazas, skate parks, backyard pools, and endless lines. This is a true skaters paradise.
• Build a Brand, Become a Mogul - Form teams and rise up to become a skate industry mogul by selling boards. From completing online challenges to creating skate parks to having your graphics downloaded, almost everything skaters do in the game counts towards their progression.
• skate.Create and Share - Returning favorites skate.Reel and skate.Graphics are back. The all-new Skate.Park is an open canvas for players to create their dream plaza or mega-ramp park. Once created, they can share their masterpieces with the world by uploading them directly from their console.
• Always Room For Meat - Hall of Meat is back and gnarlier than ever. Gamers can brutalize their skaters in the harshest ways possible with all-new total body control bails. Get ready for carnage that is sure to make players cringe.

Coach Frank's Skate School:
"Don't know how to skate?? No problem! Coach Frank will take you from zero to hero faster than you can say "1-800-COACH-FRANK." Coach Frank is played by the usually spot-on Jason Lee.

You can preorder the game on the XBox 360 and PS3 on Amazon for about $56.99, saving a monster three bucks which you can use to buy about 68.43 Microsoft Points when the new XBox 360 System Update drops.*

*Fictional system update made up just now as I am still trying to decipher the ancient code of Microsoft's transaction system.