GT5 looks great, whoever doubted it would? but be realistic and view the video again.
The beginning of the video with the 350Z is entirely rendered, in the same way as the beginning of the GT4 intro, the detail and fluidity of all the crew are exceptional way beyond what you will ever see from an in game engine.
Beyond the 350z visuals were more like actual visuals from the game engine, though at this stage im inclined to go with the opinion that the Audio was post production, something along the lines of what PD has always done with game intros.
So from the little that was shown, there wasnt much for me to be excited about, HD visuals were expected from PDand PS3, but for me its the features and the structure that will make or break this game. I hope that a newly designed and built game that runs invisibly under the glossy coat will finally match the visuals, thats what i look forward to to get me revved up over GT5.