Gone with a 7/10. A very good game - but not without issues.
+

Online gameplay has some great modes.
Cover system is great.
Online Co-op story mode is fantastic. No need to complete the offline story mode with dumb A.I team-mates.
Hidden 3rd person mode in the single mode makes it play like GRAW.
Lots of unlockables/trophies/awards.
Great enemy A.I in terrorist hunt when set to realistic.
XMB freinds list support.
-

Slightly dumb A.I (team-mates)
Limited squad commands (unless rappelling or at a door)
Online lobby system non-existant.
Buggy audio.
Low quality voice comms.
No 3rd person view online.
Looks like an upscaled PS2 games compared to GRAW.
Stupid back to back loading times when the host changes the map.
Grenade throwing is a bit hit and miss.
With all it's faults, one of the best online shooters I've played a while. Didn't bother with the single player much - as I've completed it in co-op mode.
It's just a shame that Ubisoft shipped it with so many bugs.