I'd like to see this video re-done with a full fire-team of friends all at <lvl5 going into the iron banner against a team of >lvl25. It's difficult to tell if the player is killing the opposition or one of his many friends who are also firing at the subject and happen to be lvl 29/30. I think the current video shows that the differences Bungie have implemented are too subtle. Maybe they should come out with a Steel Banner tournament in the future and really skew the level differences to what you see in PVE...
No call it wolverine steel I would have wrote it but I don't know the correct spelling