One this is for certain, the animations, character models etc, look like a vamped up version of FF14s, which is weird. I may not have bought FF7 Change Everything but the demo showed far better character modeling than here but maybe this is an early build.
Setting is actually something I liked the look off. Maybe we will see some actual steam punk style in it still however, as many FF games are grounded around technology, even the more fantasy setting ones.
Combat on the other hand, appeared to be only 1 control able character with no party. Could be mistaken for a medieval DMC.