Today Namco Bandai has announced an update for SoulCalibur V, set for release later this month. The update will make some gameplay tweaks and character balance adjustments per community feedback, as well as add "online ranked game search optimization" (whee?).
Users can download the update on Xbox 360 and PlayStation 3 starting March 21, 2012. More DLC, in the form of additional costumes for the Creation Mode, is set to debut April 3 on Xbox 360 and April 4 on PlayStation 3.