Well, Blink certainly makes things smoother, but it doesn't seem to break anything.
I mean, using it rapidly seems to incur a pretty hefty mana cost, so you'll still be using it to slip from cover to cover, or using it in conjunction with your regular sneaking.
Beyond that, the demos mostly used it for gaining access to new locations, which isn't really a problem as long as the map design takes that into account.
If there's a power I suspect will be OP, it would be Time Bend.
Well it is better but we won't get as deep and complex as Deus Ex any time soon.
You could select a homing rocket launcher that aimed faster than the pistol in the first level of Deus Ex.
I love the game and everything, but it is a long way from challenging or balanced.