Footage was shown to attendees of GDC 2012 for MechWarrior Online, and it looks as beautiful as ever. Most things that made the original PC-exclusive game so good, like heat management, system/limb damage, and the way that different types of weapons behave, are all intact.
The game is looking incredible (well, as a fan of MechWarrior, of course I think that), but it just does. The game will be pretty hectic in multiplayer, and should prove for some insane matches online. Being a PC-exclusive, free-to-play game is going to help it, a lot.
If you don't already know, MechWarrior Online features the graphics powerhouse engine that is CryENGINE 3 and hits in Summer 2012. Until then, you better get your trigger fingers ready, because I'll be on the battlefield waiting for you and your Mech. Bring. It. On.