Well, it certainly looks like MGS3 in a modern game engine. Don't really have any complaints about how it looks, but I'm really curious to see some character models. MGS3 had that 3D anime look going for it and it'll be interesting how they will tackle the faces.
I would assume it would be like most modern games with digitally scanned actors but I don't know, Snake's looking like classic Snake from what we see of him here which I'm fine with.
Don't know why I was surprised by how shoddy of a job they are. Guess I assumed Konami would be putting their best foot forward after almost a decade of them being a laughing stock