It looks amazing! It looks like a third person Oblivion, with highly improved graphics, more interesting enemies, and a few online components. Apparently, if you have PSN, while your playing the game, people leave notes behind warning you about certain enemies, trapdoors, etc. or telling you how to get certain items nearby. If you rate it highly, that person's health will be restored, and the same thing goes for if you leave a note and it's rated highly.
Also, you can find bloodstains on the ground where other players died....if you click on the bloodstain, a short (8 second) clip will play showing you how they died. It will warn you if certain things are ahead, what not to do, etc.
Sounds cool!
