That long embedded video is the nearest T2V has got to breaking my cynicism about how long it is going to take to become (at least) coherent.
Check it out alongside the project page to see the text that formed it alongside, or just watch it here:
https://phenaki.video/stories/2_minute_movie.webp
However, there are some flourishes and timing that are not indicated from the prompt text, and I think there is some manual tweaking at play (which is okay, it's still impressive).