Yeah from what I remember Eurogamer & DF said that they had videos from the game less than a year before release that were 720p but with heavy tearing and frame-rate issues...I have to ask though. is it that easy for developers to change the res of the game? From what I've read it's not that easy so is there a chance that these 720p were never really running at an actual 360? who knows...
Either way they will possibly get rid of the 4xAA and replace it with FXAA or MLAA on this new game which should free some resources and might give them the power to increase the resolution and hopefully improve the ugly shadows.
Really curious to see the game in action and especially the new facial animation.