Running on the 360. Off cam, though, so picture quality makes it very hard to tell what the graphics are like.

http://uk.youtube.com/watch?v=BppEM0Q0nFw

Also, I thought it was 3rd person game. When it'd go first person?

EDIT: Sorry, this appears to be fake. Remedy deny that the footage is real.

http://www.videogaming247.com/2009/01/28/alan-wake-footage-not-real-says-remedy/

"To be shown in a demo at GDC 2009. This is a small clip from actual gameplay of Alan Wake. More to come later this week. The is running on a Xbox 360 test kit. (This is 1st person view) I will be posting 3rd person stuff soon."

If it's even real.

Ah yeah, saw that after I posted. Apparently that's only just been edited on, cos I'm sure it wasn't there when I first watched it. I guess the guy who posted the video is watching NeoGAF.

Anyways, it certainly looks real, and it does have a very Alan Wake-ish feel to it, based on what we already know about the game.

Only thing I don't like is the first person hand. It looks ... weird, like it's a hand that's been glued onto the screen, rather than an actual person's hand.

LOOKS AWESOME!!!

wow the snow on the roof affected by the wind... that looked great.

it's Realy looks AWESOME!!

Wow, this is the first ever gameplay of Alan Wake, right? Looks pretty cool. I love me some snowy areas! :D

Anyway, although there's a possibility it's fake, makes me wonder, how do you fake a clear 3-min clip like this ... ?

it's fakeee

Someone on GAF is suggestion that this is actually old footage of a prototype for a now cancelled PS3 game. No one else seems to know what he's talking about, though.

There had better be a lot of 3rd person stuff. If it's mostly first person, then I'm not buying.