It's only the quality that's bad. The game looks cool, as you'll see if you squint your way through the video below. Metal Gear Online's a bit of an unknown quanity at the moment, with only a handful of shots and videos released since the title was announced last July. This new movie shows a lengthy gameplay session of Snake-alikes in rather hectic stealth mode, apparently taken from the recent Japanese beta test, with what looks like the full 16 players using scopes, hand-to-hand combat and all the other features you've already seen in the MGS4 videos and playtests against real opponents.
See for yourself. Metal Gear Online is a stand alone product from MGS4 and has no release date as yet.