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This is an early trailer of Shenmue that came off the AT&T WorldNet CD that came bundled with my Sega Dreamcast (got it back in Oct. or Nov. of '99 - the video file dates back to July 16 '99).
Those who've played the game can notice how laughably misleading the trailer turned out to be, as almost all of the footage in the trailer comprises of cut scenes that were used in the second game. Makes you wonder what AM2 was thinking about how Chapter 1 was going to be like at the time, perhaps? Check out some trailers for the game before/around the DC's release: