Pretty disappointing stuff. I was hoping that the game would actually be "unveiled" with a developer walkthrough or something. Instead, we get an in-engine trailer with about 10 "flashes" of what looks like "in-game" footage (though it's impossible to confirm it). I'm not saying that what I saw was bad, just that I didn't see a whole lot to begin with.
If they want to hype it up, why not just show us some actual gameplay. Let us know what you're trying to do with the game. I want to be excited about a new "big" RPG, but I wish developers took their time to sit down and talk to us. Oh well, we'll see what the next trailer brings...