Looks wonderful.
There are clearly two builds being shown without distinction, one with obvious placeholder assets in place.
And the build with the cutout 2D trees is the one used in the official trailer ROTFL.
While the photomode has been given prime time.
Btw more recent build or not, this game it still clearly based on GT6 tech and it shows with all its limits (not just graphical) including bad sounds, bad collision physics, no mention of damages, weather, dynamic day/night cycle and more.
People are totally right to feel disappointed.
This game might have been a good appetizer for the real GT7 in 2014....not at the end of 2016.
My feeling is that Polyphony needed a serious restructuring long ago (since the GT5 days) with someone forcing them to set their priorities straight.
Sony has been too complacent because their games have sold well in the past, but with GT6 things went wrong and I don't think that with this title there's room to grow, it's the same game for the same fans with the same limits.