It isn't going to be fully 3D graphics. I THINK what they'll do is,... you will have 2-dimensional avatars,... and 2-dimensional backgrounds,.. separated from each other to give an appearance of 3D, plus they'll have really artistic renderings of everything 2D so that it looks 3D .......... at least that's the way it looks from the graphics I see in their pics.
I think it's kindof a shame they're not going with a 3D engine and they're not going to use real-time combat (it is a turn-based system), but I think it will be interesting nonetheless.
What I think the game has going for it is that it has a terrific story-line feature with the solstices, there'll be a lot to do INSIDE during the solstices,.. and from what it seems, there will be a great deal of role-playing in the game. Sometimes even technologically inferior games are great due to the player base. We'll see.
It kinda makes me think of an enhanced graphics, massively multiplayer, Early Final Fantasy with a good storyline.