Sleeping Dogs was great at capturing a lot of the 'feel' of Hong Kong, even if it was a little funny with it's placement of certain landmarks as well as it's geography. But hey, those were understandable considering the very real limitations any studio encounters when making an open world game.
Now that there's actual footage of SR4 out in the wild, I'm feeling a little more confident about the game. Looking around the forums gives the impression that Volition's marketing has put a lot of people off and that general sentiment is a little wary. Frankly, considering that the marketing for SR3 had the same effect, I'm not terribly surprised. It wasn't really until people were able to play the game for themselves that people really started to latch onto it.
Either way, the new footage looks pretty promising. While the video is a little random for the sake of being random at times ("We decided Saints Row needed a Mech" etc.) the promise of being able to run around Steelport as a super-powered President still sounds great. Hell, graphically the game even looks a little nicer than I expected, and the added verticality to Steelport is promising.