Wow! This thread is both awesome and informative! How about some details? Anything! Pitt looks like his Smash incarnation. Gameplay shown looked like Panzer Dragoon or Sin and Punshiment 2 with big boss fights. Graphics are on par with PSP quality. Comparable to Kingdom Hearts.
You tools don't win awards for being the first to make a thread.
The optimistic way to look at the graphics: It's a launch-window title, and it looks comparable to some of the more impressive titles on PSP. So it's far from impossible that with more experience, developers will be able to pull off visuals significantly better than what PSP can do.