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Shacknews has a nicely constructed FAQ on Diablo 3, broken down into different categories. Here's the general overview part:
More information.
- Largely follows in the style of past Diablo games.
- Controls and camera kept simple, but depth of combat enhanced.
- The story takes place 20 years after the events of Diablo II.
- Greater emphasis has been placed on a character-driven story.
- Targeting a length similar to Diablo II, which ran four acts.
- Uses a new in-house 3D engine and the Havok physics engine.
- Has been in development for four or five years. Was rebooted after Blizzard North shut down in March 2005.
- The game is "really far along," and is "really fun to play already." (Source: GameSpot)
- Dev team now up to 50-55 employees.
- Will ship simultaneously on Mac and PC.
- No plans for a console version.
- No decisions made on financial model.
- Blizzard challenged themselves to add color to the art style while maintaining the dark, gothic feel of the previous titles.
More information.