http://andriasang.com/comz6r/monhan4_iwata_asks/

From article:

"Monster Hunter 4 Concept Footage Was Playable

Capcom mentions sequel in 3G Iwata Asks column.

Back in September, when Capcom formally announced Monster Hunter 3G at a Nintendo press conference, it also showed first footage of Monster Hunter 4, also for the 3DS. While many assumed this footage was just concept footage, it's actually real gameplay footage, Capcom's Kaname Fujioka reveals in a new Iwata Asks column.

The Iwata Asks column was focused on Monster Hunter 3G, which Fujioka is directing. However, towards the end, Nintendo CEO Satoru Iwata asked a few questions about MH4.

Regarding the September video, Iwata noted that many were wondering how Capcom would be able to make the scenes shown in the video playable. While Fujioka did not share any gameplay specifics about 4, he replied that the footage was real time footage of the game being played by the staff.

Development on 3G and 4 have been progressing simultaneously, Fujioka and Monster Hunter series producer Ryozo Tsujimoto told Iwata. However, the 4 team has learned a lot from 3G's development, both in terms of working with the 3DS hardware, and a few development paradigms as well. 3G's development took place over a relatively short time, forcing the team to continuously show results. There was also a feeling of speed about 3G's development, almost to the point where they'd say "if you're not sure, just put it in." For 4, the staff is under a considerable amount of pressure, and Fujioka feels that if they were to carry out development as they have in the past, there is the possibility that they would fail. So, they feel the importance of, as with MH3G's development, continuously showing results. The September trailer was one of the first example of a showing a result for MH4."

So everything in the trailer was playable!? Great news.  Co-op play with the climbing and monsters chasing everyone( or just unlucky me while everyone else laughs) etc, will be an absolute blast. Hope they pull it off with excellence.

Wow that sounds awesome. I hope they add online play.

Also Capcom sure do know how to utilise the 3DS hardware, the graphics are great in that trailer.

please release this america...please capcom..

Ofcourse it will get a release here.

And Im not surprised it was playable, since it was always quite evident that Capcom has had dev. kits for the 3DS longer than any other third party.

Amazing none the less, and clearly Ubisoft will get their asses handed to them if their 3DS version of Assassins Creed doesn't look and play like this.

Ubisoft canceled the 3DS Assassin's game...

that game was cancelled :P

i always thought MH4 was game-play but nice too hear it from the devs :)

Yeah i know, but I wouldn't expect them to not make an Assassins Creed for 3DS in the near future. If Vita gets one with 0 sales, surely 3DS gets one with 10 million.

No worries. You'll get your petz games on the 3DS.

Huh, same here, I also always thought it was actual gameplay, it had that feel. As to Assassin's Creed, like Megaman79, I also have this feeling it is going to get un-cancelled...

I guess it doesn't hurt to be optomistic, even tho the team that was working on the 3DS game is probably making the Vita game and the plot of the 3DS game is in Revelations. But hey maybe they will throw a Ass creed 3 tie in the 3DS' way.