Or has the language evolved so much that they are essentially indistinguishable?
Anglo-Saxon is better known as Old English. Generally, modern English speakers are not able to understand it without training. You'll find a couple of examples in this thread: excerpts from the famous epic poem Beowulf, and the Bible
Edit: a few more examples here
Largely, no. You might be able to find some similarities in a few nouns but sentences would be entirely incomprehensible. Even words which look similar in written form would probably be pronounced so differently that you would not recognise them when spoken.