Had a quick look last night, the Forest level included is quite good and i can see that it has just about everything you need to start doing your own game. The weapons and player anims are very welcome as well as the good content in terms of Meshes and Textures.

I did notice the Login on startup but didnt realize that this meant the content was encrypted to that login only - this sucks. Defo need a team setup for a proper game dev.

@Foyleman, you asked how it compares to UDK, i would say the 2 are very similar but UDK still has the edge with DX11 out of the box. I havent looked at all the tools yet but in terms of Level Design CryEngine3 looks to be more flexible, easier to use...