[Classik]

update:
* Big Boi (confirmed through promotional screenshots) [5]
* Ludacris (confirmed through promotional screenshots) [6]
* T.I. (confirmed through promotional screenshots) [7]
* Paul Wall (confirmed through Gamespot article) [8]
* The Game (confirmed through a video at GameSpot) [9]
* Fat Joe (confirmed through a video at GameSpot) [10]
* Young Jeezy (confirmed through a video at GameSpot and screenshots)
* Lil Jon (confirmed through screenshots) [12]
* Mr.Smasher (Hashim) (confirmed at PSM)
* Sticky Fingaz (confirmed through screenshot at Gamespot)[13]
* Redman (confirmed through a screenshot at Gamespot) [14]
* Method Man (confirmed through screenshot and article from Game Informer)[15] (look at the side, his side burns and his facial build)
* Anthony Anderson (confirmed through a screenshot at Gamespot) [16]
* E-40 (confirmed through a screenshot at Gamespot) [17]
* Kano (confirmed through his Myspace page) [18]
* Sean Paul (confirmed through screenshot/artwork) [19]
* Ice-T (confirmed through screenshots in PSM3) [20]
* Jim Jones (confirmed through a screenshots)[21]
* LeBron James (Confirmed on the game's cover) [22]
* Xzibit (confirmed through PSM3 Magazine)
* Nelly (mentioned in the November issue Of Game Informer)
* Lil Wayne (confirmed through Cash Money records)
* Nas (confirmed by his song on the game)
* 50 Cent (confirmed through gunitworld)
* DMX (confirmed through screenshot) [23]
* Bun B (confirmed through screenshot) [24]

Rumored Fighters

* Eminem (supposedly confirmed his inclusion during an interview With XXL Magazine.)

Fighters confirmed not to be included

* Flava Flav (confirmed through XXL magazine)
* Jay-Z (confirmed through mtv.com) [25]
* Lil Romeo (confirmed through an interview with PSM3 Magazin