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ValveTime.co.uk | Valve News, Forums, Steam
I don't know if this has already been posted on another board here but I haven't seen it on the General Games Chat. It's a much better quality video than those seen on YouTube. Here's some screens of the quality of the video.
I was surprised to see the use of dynamic shadows with the flashlight implemented into the game. It's looking very good at the moment. Check out the video here: http://www.xboxyde.com/news_3392_en.html