Gameplay doesn't look good.
Bullet sponge hit detection is fine, but this looks unbalanced. Several shots from a rifle wont take you down, but a few swings from a 2X4 will, that doesn't make sense. Melee looks like its straight from Uncharted and that's not a good thing.
On a plus side, the verticality of Uncharted is still there but the movement have more weight, a bit like Gears as apposed to the ropy and slippery movements of Uncharted.