@konnichiwa:
A Japanese third person Oblivion with epic colossal bosses ala Shadow of the Colossus. ^_^
(Though they didn't copy Shadow, as they had similar bosses in the old King's Field series.)
My main worry about this game will be technical issues. I heard reports of it barely maintaining 20fps at TGS, and as Konnichiwa pointed out, there are some serious clipping issues at times.
I seriously thought this game would have another 8 months or so to cook, but I guess not. :/