It starts facing the Man itself and then flies over and around it. Then it flies over to the Temple, which is still in construction, and then it spins around so we can see the city itself. The footage is really quite stunning!
The webcast's producer Matthew Reyes played it on the Burning Man Live Stream (and may do so again) and, while I can't share the video footage, I did get permission to share some of the screenshots I grabbed. Seriously, if you don't want to see this year's city, this is where you turn back now.
I left the images clickable so you can see zoom in a bit: 
The road to the Man. I spy Hank Willis Thomas' piece, All Power to All People, on the left hand side (it's a giant Afro pick) 
A view of the Man from behind the Man, looking at Black Rock City 
Here's the Temple. In the back, you can see the city from about 9:30 to 10:00 
Here's a different shot of the Temple, showing the 2:00 side 
Now we're behind the Temple, looking at the Man and the center of the city 
And, lastly, we get Center Camp, along with the Department of Mutant Vehicles' line
This year, I'm arriving late and leaving late. Normally, I arrive early and leave early. This will be the first time I've seen the actual Burn since 1996 and it will be the first time I've ever seen the Temple Burn. This footage got me super excited to be there!
Thanks, @motorbikematt!
