The game shows tremendous promise. It has much of what was once loved, with a lot of new and interesting little additions. I love the new graphics, the new armour designs, and the addition of factional politics that have given life to some of the characters. Tournaments giving valuable items as prizes is a nice touch (again, could use a little tweaking, but still wonderful!).
There are, of course, an epic number of bugs and balance issues -- some of which terminate the game either too soon, or suddenly and entirely. But that's expected at this point, and I've been amazed at how hard the Devs have been working to patch up problems ASAP. Getting an update on a Saturday was not expected.... now go home and sleep, you lot. Take Sunday off, at least.
I think once a stable version is in place, where various elements don't cause the frame rate to grind down to bad stop-motion animation, we'll have a wonderful canvas for modders to work with -- though the new Calradia is such a rich environment, and the new state of the game so detailed compared to the original, that I can only imagine the new generation of mods will be pretty mind-blowing.
I'm curious if a general modding tool is also in the works, like the one that Neverwinter Nights used to have. That would be a fantastic addition.