As far as I have seen, Dragon's Dogma looks great. They have definitely gotten the "Old English" feel correct in the game. For example, in watching game play videos, when the player has the subtitles activated the spelling is just like of an old English book written that we are all familiar with to some degree. In article the game developers even went as far as to say that the color scheme they have chose even fits with the time period depicted in the game. I do not own a PS3, but I think this is the answer to Skyrim on that platform. I can pretty much guarantee myself that if they release it for the PC, then on that bandwagon I may be jumping.
Like I said, in my opinion, the game looks great and has a definite stylistic theme which they have nailed. I am curious to see how this story plays out and is executed in the game, what kind of level up system the game has etc. But please feel free to state your opinion here...