It's currently only in development for Xbox 360 and PlayStation 3, and the new physics system means that players can now move around the court independently without being tied to another player. There's also going to be a new skill-driven shooting system that will require "accurate user input" and have its success tied into player orientation on the court -- no longer will there be "random dice rolls" to determine successful shooting. Finally, EA details a new "Hands-On" control scheme, which promises 1:1 movement, doing away with those long, annoying animations of the past.
Overall, it sounds like EA Canada is rebuilding things from the ground up for NBA Elite 11. But if you're going to do that, why not call it Hoop McGee and the Spalding Boys 11 or Slam Dunkerstein: The Legend of Curly's Gold 11? Why not get a bit more creative, you know?