Well heres what I found on the matter:
"Some controversy had stirred over the Jetsprint MX screenshots we published yesterday in our E3 2001 Coverage. We turned to Funcom for some additional information on where the screenshots came from.
April Jones, Funcom PR Manager, explained, "...the screens were actually taken from the 3D Studio Max pre-rendered movie the team put together for the show. However, the team says that the movie is *very* close to what they will be able to do in real-time."
The title, being developed exclusively for the Xbox video game system, is not due to be completed until summer 2002. With the title early in development, and over a year from release, we are unable to get real-time screens at this time but will bring you the latest when it becomes available."