>>15
They admit that they are a technology company, not a gaming company. The video is a demonstration about what they are working on, they aren't confident to publish their SDK in its current state. I presume they'd be smart enough to get usable animation and collision by the time they're ready (which may be never).
>>20
I never viewed this presentation in that manner. I interpreted it as, "hey, we're working on this technology that will greatly improve the quality of gaming graphics when we're done". Also, when you're intelligent enough to comprehend a graphics whitepaper, you're intelligent enough to write your own implementation.