Hmmm..extremely disappointing, even though I went in with what I think can fairly be described as modest expectations. Unless this is indeed some sort of "teaser" (and I believe that is wishful thinking), the footage is SO blurry/grainy as to show me next to nothing. I do feel that whatever "it" is, it appears to be bipedal, but I can see nothing in the video that, to my untrained eye, suggests it would be anything but a human being walking along. If there IS some way to get an estimate of height from the film, that would be interesting, but I honestly can't tell how some of the early reports (that the object is clearly standing in the water) can even be true -- the footage is SO grainy and unclear.
All that being said, it DOES, as some others have noted here, offer a sort of perverse suggestion that this is NOT a hoax -- it is hard for me to imagine a hoaxer who would bother to turn out something THIS "weak". Clearly, this film DID generate some cash for the man who took it, so I guess that puts my "too blurry to be a hoax" theory to lie, somewhat, but...
Shadow