As per the description on the youtubes:
An example showing the new version of Gorgon.
Currently this is just a simple sprite test using 1024 multi-textured sprites via shaders on Direct3D 11 hardware. It also shows a new feature that’s being planned (but not promising anything) to use the 3D stuff to allow perspective corrected sprites.
This video also shows depth for the sprites by walking a camera into the sprite cloud.
Currently getting about 1200 FPS with this (the selective multi-texturing really slows shit down).