Let the hive mind of Engadget get that for you.
"I need help! I want a small pocket camcorder but I'm not sure which one to get. I don't want to fall into the hype of the Flip because I worry two hours won't be enough. What should I be looking for when considering a small camcorder and where can I get a good quality one with expandable memory? Thanks!"
This is the same demo displayed at E3 by Sony on what Gran Turismo could be. It was done as a technical demonstration. It's simply pretty graphics and cars floating (I'm not kidding, the phyics are off!!) on the screen, while people standing near the road run out of the way from you if you drive in their path. And realism touches are not present whatsoever. No shadows, blurs, reflections, exhaust, tracks, etc, etc. So while it may look decent as a still photo, watching the demo leaves you unimpressed.
Can Sony release a full 1080p game? That's still unknown. Can Sony release a full 1080p technical demo? Sure, anyone can. Thing is, how many people have 1080p capable TVs?