Of course, once you have seen a horse's movement you probably have a pretty good clue about what might (or might not) be wrong with his feet but it should always be that way around. Its actually quite dangerous to pre-judge a hoof by its appearance alone.
Goofy on Vimeo.
Have a look at this comparative footage, for instance, taken 3 and a half months apart.
Today its just over halfway down the hoof and the profile both of the hairline and the back of foot is improved. Once the new growth is all the way down the toe will be shorter and the entire hoof more supportive.