No, no it isn't. In fact it is one of the WORST video games ever made.
If you are a fan of the series, stick to regular xbox or ps2. EA football sucks a big one on the 360 so far.
I was the biggest fan you could find of the NCAA series....its just been completely worthless the past two years. Don't even get me started on Madden.
If you want one example of why it is a piece of shit.....WRs do not run routes, they just run like robots to where they are supposed to go. Sure, they will run 10 yards up and then an out route, but there is absolutely no programming to make it look like an actual route. No sharp cuts, no WR/DB interaction at all, just robot movement. Add in the fact that the DBs make plays on the ball a million times better than WRs do and it leads to 6 interceptions a game. Sure you can cut down on your own interceptions by only throwing certain routes (completely unrealistic) but the CPU will continue to throw 4,5,6 or more every game. Not to mention there is no such thing as a pocket for the QB, linebackers and DBs are superhuman, it is impossible to put any touch on your passes.
Check out APF 2k8 if you want a football game for the 360, I promise after that playing NCAA or Madden will make you want to throw up its so disgustingly bad.