the thing is most of those graphics could be done in realtime by a top notch PC engine (farcry,hl2,doom3 or the upcoming Unrreal3)... the smoke hair and dynamics are a litle too much good, but those assets displayed could be mostly used (on a top of the line hardware at low fps). But it is a PS2 game, so thats definitely NOT what youll see on your screen...

And of course you wont see such smooth camera shots and chaining of action as the displayed on that video, and you probably wont see em even on (2-3years) future games. All gameplay in there is simulated.