Looks great. I mean how could it look better and run at 60fps with all that non-stop action. I thought Team Ninja would change their art style a bit for the latest game, though.
One more triple AAA game for the 360. That system is going to have an amazing library in its lifespan.
Also, MAF, these are the first screens shown. We don't know how the final build of the game will look yet. Nonetheless, Ninja Gaiden's gameplay has always been its greatest asset.