According to Sega's AM port team, VF5FS will be getting a patch on August 7. There is no word on when the patch will hit other markets.

The biggest update will be to the player matches. Before there was a mandatory 30 second wait between matches, with the option of pausing the timer to let other players join your lobby. With the patch, after the wait option, you can now press either Square (PS3) or X (360) again to skip the timer completely and immediately start the match.

The team wanted to address other requests that fans had, such as player intro movies that are in the arcade version. Unfortunately due to the amount of voice and graphic data involved with these intros, not to mention that they are not especially important to the online experience, they decided that they would not be adding them to the game.

This also goes for real-time commentary, not to mention they'd have to do English voice tracks for all of the new lines added during 5R and Final Showdown. In addition, they noted that the English commentary wasn't well-received overseas, so they didn't see the point of recording additional lines. Because of these reasons, realistically it wasn't feasible for them to pull it off, and they apologize for not being able to do it.

Lastly, the team stated that while they wanted to say something earlier, they didn't want to release a vague statement like "we're looking into it", etc. They wanted to flatout say "we're taking care of this issue" so that fans knew what was coming. The team responsible for the update actually has to approve all of the comments posted on their Japanese blog before they're visible, so they actually read every single comment made, and they wanted to let the fans know that they are keeping track of everything posted.

Other updates coming with the patch include:

- If you don't end a game properly with a low amount of matches played, your disconnect rate will be "high".
- During free training, when you set the CPU to "Guard then turn around + Guard", the CPU's guard will come out 1 frame late. This has been fixed.

Example:
1. Select free training
2. Choose Lion (CPU can be anyone)
3. Free training menu -> CPU settings -> React settings set to "Guard"
4. Perform Lion's 6P+G to get behind the opponent
5. Use Lion's 4P

Before patch: CPU could not guard
After patch: CPU will guard

Note: This will affect some of the game's text as well.

Source: http://blog.sega.jp/amcvt/?p=401