Yeah if PS4/720 can't run that, push those shyts back til they canIt might have been PC gameplay, but if the next gen consoles weren't capable of those kinds of graphics the game would not look like that. PC graphics cards have been capable of those graphics for a long time now, the issue has always been that developers didn't see the point in going all out because the consoles were the lowest common denominator and thus held the PCs back. With the new consoles that isn't the case right now.
They aren't going to pour dollars into all those DX11 effects you see on screen if the next gen consoles couldn't pull off similar. There's no question that the PS4 or 720 can run what you saw there.
Anyway, I'm kinda late so I haven't read all the comments but did that video seem choppy or was it just me? May have been because of Youtube.