In my personal opinion I even extend "Action-RPGs" insofar that they are loot-centered, too.
Plus, that their social NPC interaction is usually reduced to the bare minimum.
Besides, the term "Action-RPG" is a viable term used to describe this kind of games in German gaming media. I had expected that this term was used and accepted as such outside of Germany, but it seems now to me that this was an misunderstanding.
Edit : Besides : Here is a small discussion on the game, too :
http://www.larian.com/forums/ubbthre…787#Post452787