Street Fighter III: Third Strike Online Edition will be the first pure fighting game to use GGPO-netcode - an often fan-requested feature. This online functionality allows for smooth pixel-perfect arcade play against online adversaries. In addition to facing off against friends online, players will be able to watch local and global match replays in-game as well as immediately upload replays directly to YouTube™ to share with the rest of the world. Gamers can have up to seven friends join them in the "Watch With Friends" in-game channel where they can search for and view specific matches that they can discuss together.

Street Fighter III: Third Strike Online Edition features a slew of upgraded visual options. New and original art and menus create a fresh interface for the game. Carefully fine-tuned HD filtering options provide players several choices to fully customize their viewing experience both offline and online, including playing in a simulated arcade cabinet, optional scan lines, original arcade graphics, or widescreen in beautiful HD.

Players can stretch themselves beyond the matches with hundreds of different online and offline challenges that are updated real time on the side of the screen. These can be completed to earn Vault Points that are redeemable for a wide array of content ranging from fan art to original in-game movies. Players can also earn Vault Points in a trials mode, which helps new players learn more about Street Fighter III: Third Strike Online Edition techniques such as parrying, while allowing experienced players to hone their skills. There is also a training mode for players new to fighting games and those wanting to re-introduce themselves to the basics.