What I wish someone could answer is what is this game about? Do you just fly around in those circles or what? I think the game looks good but what is it?

Sweet this game is really shaping up into a good title.

And yea the artificial life system is reminding of the Chaos of old. Awesome.

 I have to agree with ckmlb here. Wait and see.

Can somebody please just give me a one or two sentence explanation of WHAT YOU DO IN THE GAME.

You fly through rings trying to get maximum amounts of points...or what? I'd just like to know what I'll be doing when the game comes out...

I don't really understand this game either BenKenobi88, but here's a snibit from wikipedia about the gameplay from the first game:

"At the start of each level, Wizeman's minions steal all the character's Ideya except the rare red type representing courage. The other Ideya colors in the game are yellow for hope, green for wisdom, blue for intelligence and white for purity. The goal of each of the four "Mares" in each level is to recover the stolen Ideya by collecting 20 blue chips and delivering them to the Ideya capture, which will overload and release the orb it holds. It is possible to complete some of the levels' goals by wandering around the landscape of Nightopia as Claris or Elliot (pursued by an egg-shaped alarm clock which will end the level if it catches the player), but the majority of the gameplay centers on NiGHTS' flying sequences, triggered by walking into the Ideya palace near the start of each level and merging with the imprisoned acrobat.

In the NiGHTS sections, the player flies around a particular linear route through the Mare. The gameplay as NiGHTS is not completely 3D: players can only fly in the 2D plane of the screen, with their actual motion through the level determined by the automatic camera angle at that point in the Mare. The player has only a limited period available before NiGHTS falls to the ground and turns back into Claris or Elliot, and each collision with an enemy subtracts five seconds from the time remaining.

Various acrobatic maneuvers can be performed, including the "Paraloop", whereby flying around in a complete circle causes any items within the loop to be attracted towards NiGHTS. The game features a combo system whereby actions such as collecting items and flying through rings are worth more points when performed in quick succession than they are individually.

After completing the four Mares, the player is transported to Nightmare to confront one of Wizeman's Nightmarens. The player has two minutes to defeat the boss, with the time taken contributing to the player's total score for that Dream."