After the break you'll find a video of the first four minutes of Square Enix 360 JRPG Infinite Undiscovery. Looks "OK". Can't quite work out if it's shot off a screen or if it's direct feed, but there's a lot of Japanese talking over the top of it, as if it's from a presentation. Take a look, anyway. Game's out before the end of the year. Via Kotaku.
Update: There are two parts to this demo, and you can watch them both on Gamersyde. And it is direct feed, apparently. Thanks, Blerk.