Actually, after playing again for a few hours today, I have to take back some of what I said. I really did enjoy COD4, but it felt cheap and was really easy to camp and go 30-2. It seems like W@W is more of a camping game, and that's not what I was expecting. That being said, the singleplayer is a ton of fun. The other complaints still exist, the hit registry is awful at times and the server menu is all over the place. Pings show up at 1200ms but if I join I'm at 40 and so forth. There needs to be some sort of ping limitation placed on most servers as well, there is always someone playing with a 200+ ping bouncing all over the map.
Whatever, I'm just going to bend over and try to enjoy it for what it is...another installment in the COD series of games.