The demo, all shown in first-person viewpoint, showcases a medieval-themed hill-top citadel, complete with soaring towers, buttresses and a town nestling against the castle walls (though devoid of people). Movement is controlled by either tapping a destination on screen, with your viewpoint then 'walking' towards it, or, more directly via two virtual thumbsticks (one for movement, the other for 'looking around').
I'm not normally a big fan of virtual thumbsticks (though I find they work far better on the iPad than the iPhone, due to the size of the screen) but an interesting development here is that they are movable around the screen. Wherever you touch down on the left or right of the screen becomes the thumbstick, thus potentially (in 'proper' games) avoiding the need for these items to block crucial onscreen action - if you found this was the case, you could simply move the stick to an empty area and continue.
Other than wander around, there isn't anything that you can do - it does not pretend to be a game, it is simply a tech demo. Only one building (that I could find) can be entered and there are no objects to interact with but that is not the point - it is simply showing what can be achieved on the platform.
It is absolutely gorgeous to look at, as these screens show. All the photos were taken by my 8-year old daughter - I'd asked her to take photos of 'something pretty' and 10 minutes later she'd taken all of those shown. According to Epic's website, the demo only took the team 8 weeks to create - it will be very interesting what full games can be developed using these tools, in a full development cycle.
I've written before that I thought that the iPad had massive potential as a gaming device and, with tools like this available for developers, I'm hoping that this potential will be fulfilled before too long.
One careful Disney Princess owner
Jousting or circus tents. Hope it's the former
Interior shot, where the virtual thumbsticks can be seen
In medieval world, it's always clothes drying weather
Reminds me a bit of Bowerstone, from Fable