It's not bad for me, but my PS3 and router are in my room so I've always got three bars and I try to refrain from clicking 'quick match' where I'll get paired up with some Mexican who has a one bar signal. I try as much as I can to play English people with 3 bars and then it's sound. The maintenance done by Konami early July seemed to help for me too.
Obviously it isn't as good as it could be, because I still get lags etc but in the large it isn't unplayable for me it's pretty decent.
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