Well this is just what i've been thinkin after reading the playstation.com article.
You create your own character and choose whichever moves you want but what about the story line?? do you get to sort of make your own story line?
Here's what I think and hope will happen that when you create your character you can set what race you want your character to be and choose which relam you want to start with and to develop the story and some point in your travels depending on which relam your in you are approached by a certain character who asks you to be his/her ally ( for e.g subzero asks you to join the lin kui or quan chi asks you to protect him from scropion and if you do that he gives you something in return) and when you enter the aracade mode with your character your ending will be based on your alligment you chose in konquest mode
Another thing is even though some characters might not be in the game can't you make a charcter that resembles one of them and just search for that character in the konquest and eventually you'll learn his/her moves (since every character that was in MK will make an apearance (according to the psm magazine) )
thats all that i can think of right now but what about you guys