Looking good, yeah. But I am quite concerned about the graphics performance. Before you begin screaming and yelling at me: yes, I have read the text alongside the video. It is an alpha release of AOS4, with lots of delaying factors still built in. On the other hand, this is a 933 MHz G4, with a fast Voodoo 3, and lots of memory bandwidth. Such a system is not a slouch and that makes me wonder about what is going on internally.
Of course, I am not going to condemn a system in alpha stage. Let's just say that the video shows there is really a lot of room for improvement, and that I have full confidence that the finished system will do justice to the hardware which is powering it.