From what I can tell it looks like you play through traditional Mega Man type levels with whatever version of Mega Man you want (or other Capcom characters [No Way!!]). Two more videos past the break.
PlayStation 3 Owners Immerse themselves with Hudson Branded Premium Items, Mini Game and More
Minato-ku, Tokyo – September 2, 2010– PlayStation 3 owners can now immerse themselves in a world of Hudson Soft as the company launches “Hudson Gate” for PlayStation®Home. The portal lounge area will serve as a home-base for all things Hudson including games, virtual item shopping and product information. Within the lounge, there is also a racing match frequently conducted with “Dolphy” the virtual pet
