I thought it looked great.

Though the person doing the FRAPS was lagging during a couple or the larger fight scenes. That is probably what threw some people off in regards to the strafing, if ppl complain its about that scene. Watch it again, you'll see that the recorders machine is actually lagging, probably running a single-core machine.

The only thing that was even slightly off or ugly to me was the ship-sinking animation. Which may be something yet to be touched up, or not.

Anyhow, if GFX is what you want I think Vanguard is already out.