Yes this is an alpha, and yes this looks gorgeous.

Nothing quite makes a game look old than a decade, and watching this Planetside 2 alpha footage - yes, as in it's not even close to being finished - is making me realize just how old Planetside is. Wide, sweeping shots of the maps, the bases, user interface for foot and vehicle combat, tanks and jets, and more. And my god, is this game going to be pretty.