CRPG.ru let us know they have lots of new screens from Katauri's Battle Lords. You may recall Katauri was formed from ex-Elemental developers (Space Rangers). More information.
I also think this looks wonderful - and as for the HoMM aspects ... it really depends on how the story is presented. I mean, look at the various fantasy RPG's, or WWII shooters, there is room for many games in similar genres - so long as they don't suck
Guys, it's not a HoMM clone. Not at all - more like a development of King Bounty's ideas with a mix of some original ones. There is tactics, but no strategy element.