It's beautiful, but butchered by the gameplay and the ammount of bad looking text on the screen. Almost half the gosh darn screen is taken up by the text, with the other half being taken up by the HUD. And battle is laughable. "Hey let me click on this pheasant, no one is attacking it." *lags* "OMG U KSER U STOEL MY KILL I REPORT U".
"Live for yourself you will live in vain, Live for all men you will live again."- Bob Marley
"Somewhere, there's a sound, a sound that will cure all things, a sound that will cure all ills, this is not a bitter pill, this is the sound, of Bela Fleck and the Flecktones."- Dave Matthews
I agree with Barry, these screenshots are nothing to shout about.
What is so special about 2D backgrounds? For a start they aren't especially good. They will also be restrictive in game terms. The 3D art, again, is far below what we can expect from gaming companies these days.