It's too early to call, but I tend to lean towards the Malstrom "big fail" point of view on this game.
It still depends a lot on the actual gameplay. If it turns out to be a 2D game with 3D graphics, it could be a pretty big hit. If it's a 3D action game, depends on how it plays. I don't think the story elements will do a lot for it. People looking for cinematic experiences are focused on the HD systems.