First time I've seen anything other than concept art from Magic Leap. As expected, it's not quite the overblown concept art they've been teasing for years now. I mean, the video looks awesome, but it's not exactly a photorealistic whale splashing into your basketball court. I've also still not heard anything about hardware (standalone? tethered?) or even seen a prototype device. Usually, not a great sign, so I guess I'll remain sceptical.
If they can manage a wide field of view on a standalone device, they've got something on hololens, but until then it looks like it's about on par. I'm wondering how annoyed the various investors were when Hololens was revealed.
One thing that stood out to me: that office is super-dimly lit and everything in it is dark grey, and there are virtually no dark colors in the UI elements. Looks like unlike earlier rumors they haven't been able to create some sort of light blocking mechanism either.