I'm having way more success than usual, which is great, haha...
There's definitely issues though, I think CM (as awful as it is) has got the scouting right. In CM you're pretty much limited to English players with the odd guy from France or whatever, whereas in FM I've got French, German, Spanish, South African and even Brazilian players coming to Tranmere.
I'm not saying it would be impossible in reality but I doubt they'd move for the peanuts that I've grabbed them for, if football management was really that easy (bearing in mind they're all real free agents) then Tranmere wouldn't have such a poor squad.
As for the matches themselves though, the 3D engine really is superb - there's the odd "ball goes two feet past the keeper and then magically appears in his arms" incident that winds me up, especially when it looks like it's going into the net, but as a whole it is so impressive.
It reminds me of my problems with FIFA in as much as, it's got so many good bits, that any slight bad bit totally throws you away from the immersion. If it was miles away from total realism then one or two issues wouldn't be a problem, but when it seems nearly perfect, any slight thing makes it look ten times worse.
But, in the face of FIFA 10, Uncharted 2, CoDMW2 and everything else, I'm on this three hours a night and totally ignoring them. No other game grabs me in quite the same way.