Not seen a thread on this yet, but I donwloaded and played the demo last night. It seems okay although a lot of similarities to Obivlion (lock picking, plucking plants, etc)
Graphically it's very nice although there are some dodgy glitches such as the sky going funny and HDR affecting too much brightness such as sun reflecting in water.
Haven't figured out combat moves yet though unless its only swinging the sword.
Personally, I think Im too attached to Oblivion at the moment and think this is about 1-2 years too late. btw, nicer frame reates when compared to Oblivion though, and graphically this is nicer when comapred with Oblivion without mods albeit with some dodgy parts.
Anyway HERE is the link for the demo.