A couple quick things: oyashiro mode only gives you 'super armor' for one hit, repeated hits will still knock you back. It also gives you a minor defense bonus, and for some characters grants extra attacks with the special button. (Rena, Keiichi, a few others)
Friendship mode speeds up the charge or cooldown of ranged attacks. When locked on the same target as your partner, your ranged attacks improve also.
You can do multiplayer with split screens, but also you can connect to another IP for online play... however it's poorly programmed and lags pretty bad for anyone other than the host.
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