Visit FragDifferent for more information, or download the pack below. They're quick to point out that while the game is looking simply amazing, not much is known about the gameplay at this point. The preview does do a nice job covering what has been revealed so far. One particularly neat thing that Bungie has managed to do is implement inverse kinematics into the actual game engine. For those of you who have never touched a 3d art program and don't speak developer-ese, inverse kinematics is a method for animating objects based on movements of a skeletal system inside the object.
Games nowadays tend to use pre-rendered sequences of frames to represent their characters in motion.
Regardless, it is generally agreed that we still have a long wait before we can play this Bungie title. Gamesurge has put together a quick look at what is known about the game so far. Everything is evil now. I bet you can guess who is at the core of this evilness. Yup you're right, the root of all this evil is the Queen of Hearts.