just bought it today, VERY GOOD GAME. the combat is pretty sweet. the skills system is similar but diffrently set up than skyrim. when you level up you get a point to spend on a Non combat perk and 3 combative perks. (this was so it wouldn't under power yourself by accidently investing in something stupid at the beginning like alchemy and be really weak in combat) and all perks are upgrade able. you can even go to a Fatewaver and complatly reset your character and re-envest you points into something else. you can also unlock perks that benefit hybrid builds like mage/warrior or mage/ archer or warrior/ rouge.
the story so far (i wont spoil it for you) but its not bad compared to the DragonBorn story almost equal. but because the game has actual cut scenes the story looks better IMO. Im playing on the Casual difficulty (bellow normal and hard) and i find it challenging to defeat enemy's.
one thing I really enjoy is the combat system. You can combo skills in ways that are fluid and unique to your build. almost like a mortal combat style but more free so you can run around the feild and doge attacks (reminded me of force unleashed) the combat I think is better than skyrims because its so versital and unique while with skyrim i find the combat dull when I use anything other than magic, or a bow. not to mention enemy's have weaknesses and resistances which i thought there was a lack of in skyrim. Ive only [played about 2 hours so I haven't discovered a whole lot about stuff like crafting, housing or anything like that.
the graphics look amazing and kinda have a cartoony wold of warcraft feel to it but it looks superb even on low graphics settings.
According to what ive read before i bought the game, it was originally set up to be an MMO, and the Dev's are planing for MMO related multiplayer in the future. which explains the diablo style looting system.
CONS:
Not as many races but each race has its ups and downs like some have more mana, some better at melee, but there is also not as much customization.
archery (one of my favorit playstyles in skyrim) seems lacking, arrows replenish atomaticly and you can only shoot 5 at a time, plus its automated which means aiming is as simple as facing the direction of the enemy, so you cant skill headshots, but you can still do sneak kills
Not as many play styles, you can play as pures like mage, warrior, and rouge. and there are hybrids like mage warrior, mage assasin, warrior assasin, rouge mage. but with two types of skill trees like combative and non combative is creats more unique types of those classes like a warrior, mage who knows alchemy, or is a good lock picker. or sneaking. but you can't play as stuff like illusionist or restoration, but like i said Iv'e only been playing for 2 hours, Il see if i can update after i get more experience in the game
Re-seting your skill and perk points is great and something I wish they had in skyrim but because of this, the replay ability on this game isnt as good because you only need one character for an entire play through but the game is 15 gigabytes (compared to skyrims 5 gigabytes) there is more content to remedy this, but less need to create multiple characters. but because of the design of the game DLC will come a lot faster, they already have a weapons pack available and another DLC on the way next month.
Being thats this game was made by some of the Devs of Morrowind and Oblivion, Its no suprise that there are some similarities but the story and gameplay are to diffrent to be anything like skyrim, so its a diffrent game and a diffrent way to roleplay. It was never intended to replace skyrim. but its a damn good game so far.