The first picture was from GDC.
The second is from the E3 target video.
Despite that the picture is not the best to judge I dont like what I see.
Blurry textures, car model seems very simplified, the ground tire formations seem like normal mapped textures rather than real shape alterations of the ground surface.
Mud splattering is so previews gen
No self shadowing
The tires dont seem to sink in the mud
btw: About the tech demo comment.This is a demo demonstrating what will actually be present in the full game. Its not just a tech demo. Its a demo from the game in progress.
Dissapointing though
edit: Actually PS2\'s Smugglers run seems very similar to it if not better
I hope that\'s a very very very very very early work because it sucks greatly