I mostly agree, with one significant caveat. While you do get those great, long rallies (is that the tennis term?) in the arcade game, the World Tour mode is marred by their absence. I've played through 4 seasons of World Tour now, competing in both singles and doubles of every championship and I've only reached Amateur Rank 12. However, despite my not exactly meteoric rise through the ranks, of the ~200 matches I've played in World Tour I've not lost one. I've not even lost a single game yet.
There's a very small part of me that relishes the delusion that I'm perhaps the greatest Virtua Tennis player of all time. The rest of me is just disappointed that I'm having to grind through dozens of matches that I can win with one or two strokes per point. At the moment, the only thing keeping me playing World Tour is the idea of taking my character to victory in Virtua Wimbledon.
That said, the arcade mode is great fun and quite challenging, even if it is hidden away. I'd much prefer just this mode - perhaps as a downloadable game like Outrun Online Arcade.