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I'm still looking forward to The Last Guardian because apparently I now love vaporware. Also, I no longer have a PS3, so I'm greatly looking forward to demanding it back from April if it ever does come out.
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To the best of my knowledge, they've never announced a release date so they can't have postponed its release. Thus, not vapourware.
Also, I haven't watched that Bioshock Infinite video yet, but the other ones I've seen have been so clearly scripted and following a specific path that I can't imagine what the actual dynamic gameplay will be like. It just seems like it's going to be the sort of game where the designer wants to show off all his brilliant ideas, so it ends up being completely linear and the action periodically stops until you find the task you need to perform to be at the right place and the right time for the next scripted sequence to kick off.