I'm playing a game right now on Pro/Default. Everything on, just like the game shipped at launch. I'm playing as the Raptors (the 30th ranked team) against the Heat (the 1st ranked team). Right away, the improved passing speed is noticeable. I'm so used it to being slow that it will take me a quarter or two to readjust. The controls seemed to be more responsive overall as well. I'll give a more detailed analysis at the half.
P.S. I also wanted to add that turbo seems to be working again. Before, it was nearly impossible to sprint. Picks are finally effective as well. I hope this holds up on the higher difficulty settings.