Heavy Rain Developer, Quantic Dream, revealed their latest tech demo today. While it's running on the PS3, it isn't displaying a game currently in development. While the demo displays more amazing emotion animation, it is extremely disappointing that it isn't a trailer for an upcoming game.
IGN expanded the discussion and gave some perspective:
We can take away several important points from this demonstration. First: all the footage originates in real-time on a PlayStation 3. None of the video is pre-rendered like traditional CG cutscenes. Quantic Dream created this demonstration one year ago with the first version of their newest proprietary engine. Now, the team has already advanced to version three.
There's more info here: http://ps3.ign.com/a.../1220250p1.html
The only thing I can really take away is that I need another game from Quantic Dream right now!