The update is here! When you log in to XBL and PSN for AE, you will be prompted to update to version 1.06. This is indeed 2012 Edition! Go now and start practicing!

Edit: Looks like the Super Street Fighter IV Arcade Edition Disc (Retail Copy of Arcade Edition, the update is not showing up yet)

Edit 2: Looks like some users are having luck clearing the cache from the hard drive. Go to Settings, then System, then Storage. Press Y on your hard drive. choose Clear System Cahce. reboot. Start the game.