Quote from EA's website:  
"The franchise also continues to raise the bar for user created content with the skate.Create feature suite, an innovative  toolset that empowers gamers to truly express their skate style by creating their own graphics, videos, and skate parks."
 
Those last two words are what I have been waiting for in the Skate franchise. Some may call this game 'too soon', but as I see it, there is a brand new world to skate and the ability to craft my own skateparks. 
 
That feature alone will add almost infinite replayability provided that the share and review systems are in place properly. Label me excited for May '10.