We get to see Ryo and Shenhua, with their character models that seem to be hugely enhanced from that which we have seen earlier, and two amazing environments. One is a metropolitan vista at night, and another reveals a interface apparently at dawn.
The game certainly appears to have made some fairly massive steps towards a higher level of graphical fidelity compared to previous showings.
You may check them from the gallery under. If you would like to find out more, you can check out a recently-revealed new character, also a movie about facial animation, older screenshots featuring protagonist Ryo Hazuki, the first trailer and more screenshots, another batch, along with the statement of this publishing partnership with Deep Silver.
Shenmue III was postponed to the second half 2018 to make it “bigger and more amazing.” The game will launch for PS4 and PC.
For the interest of full disclosure, the author of this post endorsed the game back when it was around Kickstarter.