We've already heard that Michel Ancel's Beyond Good & Evil 2 is in development, though it sounds like it might have to wait until the next generation of consoles for release.
Here is an image posted to allgamesbeta described as an in-engine screenshot of the game. It matches enough with the look of that demo footage from a while back that it could well be legit.
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Here's that video, which first turned up a few years ago. As you can see, the look and feel of the new screen match with this video.
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Beyond Good & Evil 2 in-engine screenshot [Allgamesbeta via VG24/7]