Well it looks like Square Enix isn't keeping Versus all hidden like it has been doing for the past few years. The proper HD trailer with screens are up on the site and on their YouTube page. Remember this is Nomura first proper console game since Kingdom Hearts II FinalMix+, and I have to say...Nomura has come a very long way compared to other developers.
The screens look a lot like Kingdom Hearts at first glance but looking at it in HD, you can see a lot of smaller details.
Here's a comparison of Nomura's last game with Versus XIII:
Also, for people complaining about Nomura not wanting to make this on the 360. This is his dream project, and he worked his ass off with KH/KH2 to be able to make Versus XIII, he paid his dues to Square and gave them their most profitable franchise for the last decade. How would you feel if your dream was compromised due to people wanting silly requests?
Anyways, here's the proper HD trailer with proper shots. Enjoy.