I have played it a few minutes ago, and it looks good. I didn't like the Move feature too much, hard to aim.

Experienced a little bit lag, but that could be because I was playing with 13 (I think) bots. Haven't tried real multiplayer yet, because the servers are down.

 

I just had a quick blast of it just now, its good, more of the same really. The controls need a bit of work, they felt very loose to me (typical KZ). And Im not sure if the graphics are as impressive as KZ2. Granted its just a beta but this washed out look with high contrast isn't really doing it for me right now. But like I said, its still a good lad, and this is just a multiplayer beta so you cant judge the final product on this alone.