http://www.youtube.com/watch?v=lRW3XKfTnHIPretty impressive! You can even make cinematics, voice overs, and unlocking items! Also, the use of an infinite teleporter item for Phobos boss was very interesting.
Their tech demo is clearly a success, this project very promising.
@andrewj: your project seems to be very interesting too, please continue and post a demo!