I'm still split 50/50 with this game.
On one hand, it's SOCOM and looks pretty damn good, but on the other hand, it just looks like a revamped SOCOM 3. Obviously the graphics are a big jump, but the rest of the gameplay looks pretty similar.
The characters do look like "clay", I thought a similar thing when I first saw the game. In all honesty, they looked better in the earlier screens than they do now.
On the subject of screen movement during recoil/explosions, again I am 50/50. When the player uses a burst or single shot (early in the first video), they screen look absolutely ridiculous when it shakes. However, the whole effect seems to look a lot better with more and more shots fired continually.
The jumping is horrific. I just cracked up around 4:33 (second video) when a guy jumped about 4ft just to get up a 1ft ledge.