Early last month I got in on Hybrid's beta test and posted my impressions. I wasn't impressed. I thought that while Hybrid has a lot of good ideas and looks really nice (it moves at 60FPS, after all), it didn't do enough with any of it to be more than a minor distraction from the Call of Duties and Gears of Wars of the world.
This trailer offers up an impression of what the final game will be like, and while it looks like maybe it's deeper than the beta made it appear, the basics of gameplay - which was my biggest issue - seem to remain unchanged.
However, if you're looking for a fast paced, zero-gee multiplayer shooter with the visual aesthetic of 2010's Vanquish, then Hybrid may be just what you're looking for.