Game's matchmaking is like tossing a five year old into a pit of rapists and calling it skill-based gameplay.
Every match is a 4-man premade of prestiege-2s against people that have never even played a fighting game before.
I bet proper matchmaking will come up in a DLC for $50, down the road.
I have the same experience. Had a blast in both betas, now I seriously regret buying this game, something which I couldn't have imagined in my wildest dreams. It's no fun at all.