Both of these statements are true.
I received Beautiful Katamari in the mail today.
I saw the end credits to Beautiful Katamari today.

This is the first Katamari game I've finished, so I don't know if this is typical, but that went fast. Less than 10 levels that each have time limits under 10 minutes sounds like you're not getting your $40 worth here. Yes, you'll be retrying them because they're not all easy. There also are hidden things in each level and bonus stuff to unlock, but that really was of no interest to me. I'm not blessed with broadband in my neck of the woods so I can't speak to the multiplayer, but I'm thinking that Beautiful Katamari isn't going to give you the bang for your buck the PS2 original did when it arrived as the $20 kitschy darling back in 2004.

There's not much else to say about the game. It's more Katamari Damacy. If you don't' know what that is, you shouldn't be playing this one, but the PS2 original. I'm not sure you even should be playing this one if you do know what that means.