on X-box, the L trigger climbs, same as climbing in & out of the ring. white grabs the belt. After that, just mash buttons, eventually you'll either get knocked down or fall with the belt. X punches them to knock them down after they've grabbed it.
And yeah...it doesn't suck, but overall, I prefer Raw 2 by far. The only real Improvement I've seen--as far as gameplay. Graphics are always better for sequel games--is the ladder matches being a LOT easier to deal with, as opposed to the unpredictable nature of the R2 version. While the career mode is more detailed, it's WAAAAAAAAAAAAY too short, and there's less control over what happens than any previous games. Kinda takes the fun out of it. And...well, the custom guys eyebrows always turn blue halfway through...still dunno what that's all about...