just noticed that in the "ingame" screens there's the mention of ATB, the infamous active time battle system. here's hope they'll improve that crap that very effectively ruined X-2 (the part that wasn't ruined by plot and that chapter-design and of course the soundtrack). go square, you can do it!
I wouldn't be surprised if S-E found a way to make a game's action sequences consist completely of prerendered sequences. On the other hand they've been using less prerendered videos the more powerful the system is. But then again this game can't have been in development long enough for this to be actual game footage.