For what it's worth, now that I've started franchise mode, I'm pretty disappointed. If you wait until the day 1 update to start your franchise, that includes all the cuts up until that point, which makes sense... but when you start a franchise, it makes up random players to fill out your preseason roster. So basically by the time the computer sims out cuts, you have no idea what the roster might be, and it could have a ton of fake players on it. They should just have a record of what players started out the season and keep them in franchise mode.
Also, the interface sucks now, just a bunch of text options on a mostly black screen. And expanded rosters in preseason, but no practice squad or IR that I've seen yet.
I still like the gameplay better than any year yet, but franchise is horrible, which is a shame since that's where I spend most of my time.
Edit: And also kind of annoying is that twice now (in probably about 20 games played total), I've thrown the ball underneath to a receiver who has perfect positioning on the defender, only to have that defender phase through the receiver as if he wasn't even there and intercept it.