Well I just finished trying it out and it's pretty damn cool. I've never played the PS2 ones, so I'm not sure how it compares. The graphics are really damn good looking! It's pretty easy to pick up on the gameplay, too.
There are 2 modes in the demo. The first is I'm assuming the "regular mode" and you can play that for ten minutes (there is a countdown timer in the upper left corner). The other mode starts you out in the snow and you can play until you die basically. I died twice fighting that big fire "dog" looking creature with a big sword. (I think it was in the trailer?) :( Here we go, this thing:
http://videogames.techfresh.net/wp-content/uploads/2007/05/2.jpg
Anyway, overall it was pretty fun. I'm now seriously considering getting this game for the 360!
starcraft: "I and every PS3 fanboy alive are waiting for Versus more than FFXIII.
Me since the games were revealed, the fanboys since E3." 
Skeeuk: "playstation 3 is the ultimate in gaming acceleration"
