This heavily reminds me of Morrowind...but with physics and voice acting, and slightly better graphics (except the particles and jumping). This is a very, very, very good thing.
When I buy this game (I will) I can say to all my friends "I sort of know the guy who made this, not in person, but kind of, and I gave some critisism towards this game, and his name is Peter."

Looking foward to the release
McLaren