Joe, I actually felt this was some of the best cellphone video I've seen. Colors looked natural and not overdone, sharpness & detail were very nice and the overall look was 'less' cellphony than many cellphone cameras.
With that said, the brief look at the phone itself at the beginning of the video, looked a bit crude in terms of the OS or whatever was done to the OS. That would scare me since, let's face it, you'll be using this as a smartphone 95% of the time. At least I will.
But the video was very nice and certainly not hurt by the shooter mounting it on a tripod or other stabilizing device.