Sepharo wrote on Mar 28, 2012, 22:12:

Scud wrote on Mar 28, 2012, 22:06:
Or they just look like they're moving really, really fast?

Well that's the thing though... You can't have them "look like" they're moving really fast because then they would be moving really fast. The timing for the players needs to match unless there is second or so of downtime while the initiating player resynchs. I think that what they are going for (evidenced by the LOS mention) is going to be like a slow/debuff spell for whatever's on your screen... Ugh, but that wouldn't work either because then other players not initiating bullet time would get the benefit as well.

Can't wrap my head around this.

There is a post from a Rockstar employee in the comments that says more details on MP bullet time are coming tomorrow.