There's a demo out right now for Xbox360, i downloaded it and was stoked to play. There's a little learning curve but it's pretty fun when you get past it. The only bad part is that they make it possible to push mongo.... should never EVER be in a video game, ever! Now all the little kids will think it's OK to push mongo-loid style.
Other than the mongo-ness of it, it's actually pretty sick. You can lock into nose grinds and pop out early. And when you are grinding something like a pool or other tranny you can slide back in which is sick, it sort of gives you the feel of skating, sort of.
It's definitely way more realistic than thps though, it's not cartoony and rollercoaster-y.
I'm going to buy it for the times that i'm hurt, i'm sick of thps.