Just found that if you go into the link I posted before, you can rewind the thing back to 10.30AM. Shortly thereafter is the Fallout 3 demo, in great quality.
I just rewatched it, and wow. VATS doesn't only look like it's going to be annoying, it doesn't even look responsive enough (when enemies die) to be satisfying in a cinematic way either. What a piece of shit.
And of course the demo itself is not exactly exciting. It's only the shooter elements, we don't get to see any character interactions or uses of skill. Only shooting, which looks bland as hell.
I am so very unimpressed by this on most levels I can think of. The opening movie (which is live shot) would've been quite funny though, but the use of cartoon artoworks looks like ass to put it mildly. Still, I liked the mood of it all. The game itself looks like total suckage however, wow.