The developers spent most of the presentation showing us some of the "sandbox" aspects of the game. No missions, no story, no cutscenes to be seen in there. You'll just see the main character jumping everywhere, generating as much mayhem as possible and of course some car sequences, this is a GTA-like game after all. Personally I still have some reservations about this game, but it's so over the top that it could become very amusing. At least it will be if the devs take the time to rework the animation so we do not have this rather annoying feeling that this game is using the moon's gravity instead of earth's.
Technically as you'll be able to see by yourself it's much better than before. The game is smooth, the physics engine works nicely, the draw distance is ok and the city seems quite alive. We still do not really know what this game will be all about in the end, but we'll keep an eye open since it definitely has some potential.