While we've speculated about the huge potential for iPhone/iPod Touch gaming, is it possible we're still underestimating it?

Pre-SDK, Engadget brings us word -- and video -- of Quake 3 absolutely shredding Apple's little hand-hand revolution. Tilt-to-move, touch-to-fire, wi-fi to multi-player, it looks beyond sweet to me, and this is almost certainly still an early-stage, pre-app launch demo. And I'm not even sure it's coming officially from Carmack and id Software at this point!

But words don't do it justice. Check out the video after the break!

Now please?