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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.