Very late to the discussion but I might be missing something; a majority of you are bashing this by saying "it's just a demo"/"games never end up looking like that":

a) If this demo is runnable at real time fps on ps5 hardware ($400-500 WITH markup)...that's a technologically phenomenal feat in itself.

b) If the engine IS capable of running something like this...they are not lying. The responsibility for "good looking games" then falls on to game studios to deliver instead of halfassing something just to hit a deadline.

Where am I wrong?