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This isn't an actual match video, but this shows how OM works from mid and far ranges and also close up. From far away you do not get the same amount of movement as you did in VF5 or as you do close up. Close up the OM is the same as previous games, enabling you to get an angle on your opponents side, just keep in mind the canned attacks from VF5 are not longer present.

Thanks to Reno for the video.