According to certain reviews, the latency generally is better than on ps3. Unfortunately analog output doesnt seem to be an option as the console doesnt have such a plug, so optical is your best bet. Overall I am disappointed because of the price of € 80, which I think is ridiculus. Also all DLC needs to be bought again if you didnt own the PS3 version and there are no custom songs obviously. Also apparently you cannot even post videos of you playing on youtube due to licensing issues, which was the final nail in the coffin for me. Just my 2 cents.