Actually from sanukus video it looks pretty good, I don't know what a lot of people are talking about... Reminds me of like right in between morrowind and oblivion Hopefully first person view is really good, in the first aralon it was really buggy.
the first person is DEFINITELY improved over the first aralon. although - I'm not entirely sure its better than ravensword's first person.
and a quick tip because someone asked me already, if you ruin your reputation by killing a guard or another npc, you can leave the city for a bit and it will go back to normal. In the first aralon you had to pay a guy in the sewer and everyone complained about that one.