Depends how far they are in development. If it's near certification then yeah I'd expect it to be rendered on the consoles. If it's not I'd think the dev kit would make more sense.
I wasn't incredibly impressed by the showing....I'd need to see more, but it does look interesting.
(Huge fan of open world shooters though, so I'll get it either way.)
Lost Cat may or may not have slept recently. Who can say?