Video of Caustic Graphics at Imagination Technologies stand

After the fake article, some real news about Caustic Graphics:

http://www.youtube.com/watch?v=xPq08cyKFY4. Not sure if there is GI in there. Disappointing visuals and a totally misleading and deceiving comparison between rasterization and ray tracing. This guy should go work for Intel :)

And a promotional short showing a simulation of how real-time ray tracing on iPhone would look: http://vimeo.com/19937145

It doesn't look like Caustic Graphics has anything compelling to show yet. Maybe they shouldn't show anything before they have a working sample of the Caustic Two card. In fact, it's starting to look more and more like the Larrabee debacle: pathetic real-time raytracing demos on phony, unmarketable hardware.