would be nice to have this for some competetive gameplay like for example clan wars etc...
also theater mode is good to make better video editing like choosing the angle and POV of other players.
I don't want to keep using PS's SHAREfactory, I did one montage (beta amateur version) and it was shit :D :D :D
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Don't worry, clan wars are coming really soon, albeit not officially from bungie.
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I would love theater mode so I can see how I got sniped through a bubble last night. Halo has the best replay mode. Tracking sniper shots in that game is easy though with the bullet trail.