I just tried out the mod last night. Pretty good so far, even if it seems a bit amateur in some respects (the modder seems to have learned a LOT during the course of this project), and I'm not put off by the occasional cartoony graphics. The main exception would be the were-creatures, which have oversized "bobble-heads" like some Disney costumes I've seen. The giants look great; although the goblins are a bit goofy looking, but not terrible. The bits and pieces borrowed from other mods like TLD are rather obvious to anyone who's played them, but they fit quite well in this context. Overall, it's a bit rough in spots but good enough, and the underlying lore and consistency are strong enough to make it work.
Balance seems reasonable enough, although a few of the magical effects may be a bit overpowered, a function of the combination of being both high-damage and either Blunt or Piercing. Still, it's nowhere near game-breaking. I have yet to tangle with the undead or dragons, so I can't comment on how that plays out. I suspect that the modder isn't a native English speaker, since a few bits of dialog are rather awkwardly phrased, while other parts are fine. It reads like a translation in spots.
Keep up the good work.