It seems very familiar to the 2004 PS2 game Demon Stone to me.
I don't really see how this game will bring anything new to the table, aside from better graphics of course.
Demon Stone was a pretty average game if you (judging by your Avatar) are a fan of the Bioware/Black Isle games such as Baldurs Gate, Icewind Dale and Neverwinter Nights.
IMHO, there have been very few console gmaes that have even come close to the story, game play and player immersion of these games, which I think set the standard for RPG's.
That said.... Demon's Forge state's it's an adventure, not an out and out RPG. Still looks good though