What a silly title for the thread. I read it at SC has not need to fear ED and not the other way around.
Anyway, I'm glad they're getting something to show to the public. Given the hectic few days they seem to have had in the days before getting a build which would at least mostly work. (A video I've seen shows them having "fun" with missiles and them shouting to each other not to toggle the target as it crashes the networked game.)
As for what was presented, it looked really quite good. The helmet flip was fun the first time but became wearing very quickly. Also the missile lock-on animation was just too distracting. I also didn't particularly like the external view.
The HUD itself was quite nice and I certainly preferred SC's targeting reticle to ED's. I've found that if you have gimbled mini-cannons and a non-gimbled beam laser it's practically impossible to see the beam laser reticle so you can hit anything.
As for the flight model, I think the main reason for the jerkiness was the controller. I got the same level of rubbish control when I tried playing ED with an XBOX controller.
Let's hope both SC and ED pull it off and we have two great games.