You guys all seem to be forgeting the most important point...Goldberg sucks.
Here's how it goes: They sign him to a multi-million dollar deal, 2 months later the aura is gone and he's exposed as a bad worker (ala Steiner), then he's back on the shelf...Vince learns, like he did in 1996, that there is no quick fix and he starts building up homegrown talent.
It's all text. You select the wrestlers, the matches, the event etc and then either simulate the matches (like TNM7)or play them out (like WLS). The game contains about 50 wrestlers, 30 match types and hundreds of statistics.