1:30 onwards.
3rd person gameplay, or just for trailer purposes?
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Trailer only. Bungie has stated so many times that it is a FIRST PERSON shooter... don't worry about it.
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During the actual demo, when the Warlock used magic it zoomed out to third person.
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Trailer but 3rd person is when you are in the city hanging out.
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I think it may have been for trailer purposes. But an interesting question.