Microsoft's E3 2009 press event had members of Remedy on stage as they gave a live demo of Alan Wake. It was the first live public footage that was shown from the game since it was first announced at E3 2005 (yep, four years ago). It was announced that the game will be coming sometime in the spring of 2010.
The footage showed writer Alan Wake exploring the forest area of Bright Falls and dealing with a lot of supernatural threats; from invisible hands throwing objects like cars to strange people-like things that seem to look like ghostd but a lot scarier. The graphics look solid, especially in terms of lighting and the use of light and dark to create a creepy experience.
Gallery: Alan Wake Screenshots