I'm only an hour and a half in so far and I love just wandering around exploring the world available to me atm. Got my arse kicked by a level 70 monster on the lake shore, and I'm glad the game doesn't do the dickish thing of sending you back to one's last save when you die, which is common in RPGs. The graphics, to me at least, look a lot better than in gameplay videos and screenshots. Even the character models aren't exactly bad, I'm just used to better, the only things which 'stand out' are the circle shadows and on occasion the textures. Anyway, who really cares about graphics when the game's artistic design is so amazing?
I really wish I could play more, but until I leave for uni in a couple of weeks I'm working full time which leaves little time for games, even epic ones like Xenoblade Chronicles.