honestly, if we acknowledge and take into account the fact there will never be good fragmovies with this game due to lack of demos and visual customization, this particular piece is okay. (I watched without sound)
Maybe a bit too fancy with all the effects, and many filler frags (though that might be cause I've been playing more tribes lately so direct rockets from five meters aren't particularly impressive).

Demos will come, and all my favourite frag movies were rendered with high settings anyway.. :)