I just caught this on the front page of TouchArcade… I daresay it looks even better than Shadowgun.
Can’t wait to try it out! Admittedly the gameplay looks a little stale, but It boggles my mind that they’re getting it that pretty on current-gen devices.
Unity tweeted about it, and apparently was demoed at UNITE 
Yeah I saw that it looked really good I thought.
WOOWW !! thats amazing
Very good detail for mobile game.
Yes, I have.
By the way, some of the graphics optimizations/approaches from Bladeslinger were talked about in our Siggraph 2011 talk: http://blogs.unity3d.com/2011/08/18/fast-mobile-shaders-talk-at-siggraph/ (just replace with Bladeslinger :))
as the top comment says :