Permabanned
It looks identical to UT3...You can see an over the shoulder clip of the game in it's current state in this video they posted today. I've cut to 1min 07sec when the action begins.
http://www.youtube.com/watch?v=P0FKjMhqEJI&t=1m7s
Seems they have most of the weaponry in the game but very little level design or textures done. Much of the UI is placeholder as is some of the models.