I've been keeping an eye on this for a while. Its art style doesn't impress me, but it doesn't immediately turn me off the way anime-style visuals do, either. As for the known gameplay details, I've long hoped for a game that blends reasonably deep RPG character building with a "real" combat system. It isn't exactly what I hoped for - I'd actually hoped for a somewhat more purposeful pace and a weighty feel - but I'll take God of War style smashy-smashy over TES's floaty, inconsequential-feeling combat, and the traditional menu-driven "click it and watch it die" of other RPGs.
For anyone looking for more details on it, IGN is pulling their traditional skirt-the-review-embargo shenanigans by publishing lengthy but incomplete parts of an "ongoing review". It's IGN, of course, so take that for whatever it means to you, but the game does look pretty promising.
My hopes are tentatively raised, and I'll be giving the demo a shot.