Yet the Killzone video, which was done in engine (all-be-it @ 5fps) looks better than the FF 12 trailer.
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1. It doesn't look better.
2. It will not look that good, it was target-render, meaning that they will get similar graphics. Minus ofcourse the textures, lightning, A.I. and animation.
3. The PS2 promised "Toy-story graphics", yup-yup.