The Soul Calibur series has always had some great customisation options but they peaked with Soul Calibur IV. To be honest, given the PSP's limited power and storage, we didn't expect to see character creation in Soul Calibur: Broken Destiny. But it's coming.
In fact, Namco are teasing that Broken Destiny will do character creation better than any other Soul Calibur game on any other platform. In a series of examples they show a pair of glasses moving from the tip of a characters nose to resting on their forehead. Everything is totally adjustable.