Here's a 2 minute long video from E3 of nothing but gameplay.
IGN: SOCOM: Confrontation Trailer, Videos and Movies
The things I didn't like most were the movements of the characters, they just seem so un-natural. Then the guns not having any effect after being shot was annoying too. But then again, this is alpha footage, so I'm sure they'll fix that in the beta stage.
It was nice seeing how they've made Crossroads. It looks the same with just a few additions, and just made bigger in general.
A funny thing was watching the guys near the end at the Terrorist spawn starting to lag. I really hope this won't be a problem with the final game. But I'm confident it will be lag-free like Resistance and the Warhawk beta was.
My main gripe is just character movement, and if they can fix that, I'll be much more happy.
Oh, before I forget. The camera didn't look too different from the old Socom view. It was more focused on the shoulder, but not too much to make that big of a deal. It seemed like a nice blend of standard Third Person View, and OTS.