http://www.youtube.com/watch?v=dZZkQAGqLVo
The lighting looks impressive, but... Was it rendered on actual console hardware? Or pre-rendered on PC? What do you think?
Some screenshots (not embedded because of full 1080p res) - the video doesn't really do justice to the lighting effects and texture resolution:
http://i.imgur.com/wpAQL5u.jpg
http://i.imgur.com/nd88wvI.jpg
http://i.imgur.com/CNXVpuv.jpg
http://i.imgur.com/SKokKPO.jpg