Burnout Crash looks aweso- wait... wtf?

I got a little bit excited when I heard that Criterion was working on another Burnout game and so were many others. When they announced that it would be a PSN and XBLA title, a lot of people were displeased. I remained optimistic because it's Criterion and they make car crashes look awesome. This however...

Is THIS what you call a Burnout game? Sure it has car crashes, explosions, and traffic pile ups of vehicles but damn. The excuse of "well it's PSN/XBLA" won't cut it here cause I have seen PSN and XBLA games that look way better than this.

But graphics and art style don't make the whole game." is what I would say but this doesn't even look fun. Why Criterion? Why?... I'm sad now.

[youtube http://www.youtube.com/watch?v=c3CGtF0oH9c&w=560&h=349]

[youtube http://www.youtube.com/watch?v=albbe3LeQ9E&w=560&h=349]