Sega Rally creator Tetsuya Mizuguchi is probably most loved for his 2001 synaesthetic shooter, Rez. This is Child of Eden, which will be published by Ubisoft. Same guy, same game, just for the PlayStation Move and Kinect.
I'm not reaching with that statement. Gameplay looks identical, and even sounds identical (listen closely for Rez's targeting noises), only there's now a calming "planet earth" theme instead of frantic computer glitches.
When people who want more from their motion controls than party games complain, I imagine this is what they're ultimately pining for. Now if only any of us had TVs big enough for this trailer to look "real".