Kotaku has put up a nice piece which chronicles the press event and gives their impressions of Fallout 3. Highlights:
Bethesda Softworks' offices are located in Rockville, Maryland, Money
Magazine's number 26th best place to live in America. More importantly
it is the country's number one place to develop Fallout 3, which is of
course why we were there that morning. After having our badges checked
we were escorted downstairs to the main lobby, where a receptionist's
station lined with an impressive array of awards greeted us. Soon we
were ushered through the offices to a newly built auditorium, where
everyone found their seats and got settled in. Then they mentioned
breakfast was available in the cafeteria and everyone got up again,
like we were part of some bizarre hive mind. After donuts and coffee we
tried the whole auditorium thing again.
On the hilarity of violence (yeah, not really sure how funny it is, but ok):
They spent lots of time pouring over reviews of the first two games and
figuring out what they wanted in this one. The tone of the first game
without the over the top self-awareness and adult of the second, with
plenty of violence...in fact, that was one of the running themes
throughout the demonstration. "Violence done well is fucking hilarious."
Something more than Oblivion with Guns?
As the character stepped out into the surface world the screen flared
with light and several members of the audience shielded their eyes
reflexively. It was just a brief moment, but right then I felt this
game was going to be something much more than The Elder Scrolls:
This, however, is more in the lines of comical:
Coming across a small settlement, Howard demonstrated the branching
dialog system, making the audience chuckle by calling the friendly town
sheriff a dick.
"It's The Elder Scrolls: Fallout!"
"The game has to evolve. They can't just make Fallout 1 again."
"You going to eat that cookie?" - They had really good cookies.
"Why are they proudly displaying a Star Trek: Armada poster?"
"What happened to Rogue Trooper?"
Read the whole thing here. Be sure to check out the nice photo gallery there too. You can see the auditorium where the game was previewed, as well as pics of Todd, Emil, and the infamous Bloody Mess cake.