What you're looking at is the hands-on developer video for True Axis's Jet Car Stunts, a platformer/stunt racing title originally released in 2009 for iPhone and iPod Touch (also available for Android).
After much clamoring, the game is finally being updated with iPad support, with specific optimization for each generation of the iOS tablet. From the looks of this video, the game is really at home on the iPad, looking really slick on the device's Retina Display and running like a dream at 60fps.
Jet Car Stunts is a little bit Joe Danger and a little bit Super Monkey Ball, and like those titles it's giddy fun. No word yet on when the update will be submitted, but the full version ($1.99) and free Lite version are currently available for purchase.
For more from True Axis, keep an eye out for the upcoming sequel, Jet Car Stunts 2 (set for a late 2012 release on iOS and a following Android release). The company is looking to bring more skateboarding to the App Store as well with the upcoming True Skate.