Saw this demo @ IGN…though that it may be running in Blender.
[video]http://games.ign.com/articles/117/1170309p1.html[/video]
No its not, why do you think it is, the interface looks nothing like blender but very much like Softimage
http://andy.moonbase.net/archives/443
http://www.reddit.com/r/gaming/comments/hepf8/i_guess_i_am_already_done_being_impressed_by_la/