First let me splain the vid. That is from the video out of my GF4 Ti4200 into an old JVC VCR, taped, then played back into my WinTv card. Now at first I made it Divx, which was not bad, but the file was over 500 meg for the same size vid. Now while it wasn't horrible gameplay, it certainly doesn't warrent 500 meg. The purpose of the vid was just to show some of the things and show that yeah you can jet and ski. I'll post another tonight sometime using some of the new stuff.
Sopo - I run at 800x600 lowest detail, high viewable distance. I drove through some water twice in the vid, but the large body of water is OOB and you can't get out there.
Amadeu5 - The grapple in the mod is about as close as T2 will allow I think, it's like 50% accurate.
Now. I'll talk about some of the good in T:V, I won't talk about what I percieve as bad since that would be counter productive and we are in beta so things are still being tweaked out.
Water rocks, it is not something you would want to avoid like T2. It enhances your route if its early on in it. You can ski on it if you hit it at the correct angle, I would guess 15 - 20 degrees.
Grapple is great for the most part and since no one has mentioned it yet, it has this nice little feature that T1 had.. You can beacon stop with it
Repair pack works great, repairing multiple items at the same time is WIN.
Ask some specific questions and I can give more info.