If it were a game I had to pay for to play, I'd say you're unequivocally right.
But seeing as this game is completely free if you wish it to be, I really don't see the issue.
Except its not completely free to have a true version of that game. No more than say... The be killer instinct.
Soul calibur is a fighting game that is usually extremely polished and compelling.
Modern day fighting games, the "completely free if you wish it to be" killer instinct, have online competitive play as a de facto standard.
This is a backward step on many levels. Not only is it a cheesed out, fragmented game depending on how much you're wills to fork over, it's also totally worthless without online multiplayer.
In conclusion, it's a piece of junk unless you pay. Then it's still a piece of junk.
Free to play sounds good to companies who think the original gullibility of smartphone gamers will last. Basically the idea is that a $10 game can make $100 based off of micro transactions.
It's the old drug dealer model. First hit is free. Then you pay for the next. Then you keep paying and can't quite seem to recapture that first euphoria. Next thing, you're broke and still haven't found what you're looking for.
And no gamer wants to spend five years playing the same repetitive portions of a game in order to build up enough points to purchase an essential item, etc. this is the tease of free to play. "Oh, you don't want to waste your life just to get thus item or proceed? $50 bucks please."
The lure to the company is the possibility of "free money" or the idea that a game can earn much more than its traditional worth via micro transactions.
The injury to the gamer is being gouged for what should already be included in a game for a set price. Not to mention the the modular concept of the game lends it to being a much lesser quality and a far worse experience.
Imagine going to see a "free" movie. Then... "Oh you want the soundtrack to play? $10. You want to see the movie at full resolution? $10. You want to see the archenemy unblurred? $10. Oh. But by the way... There is no climactic battle in this movie. Because it's not fair for the people who didn't pay to have to endure seeing a blurry archenemy with no soundtrack at low resolution."
That's the equivalent here.
In other words, pure crap.
No way around it.