A funny thing is that the N64 logo doesn't walk in and it doesn't appear. The Game Boy is still there though.
Where's the graphics update?
The visuals were only supposed to be updated a little bit, not so it looks like Nuts & Bolts or somewhere in between. Also, it's hard to tell because it was recorded with a video camera. The HUD is updated, as well as the character speech bubble animations.
EDIT: I also forgot to mention. Banjo-Tooie is gunna be on XBLA early 2009. I'll be glad that there will be no frame rate issues to worry about though they seemed to add depth in the game for me.