Looks very janky. There are a lot of moments where the AI just looks completely broken like in 1:12 where he instantly goes from being on the floor to an attack animation. I guess it's not surprising considering it's in development hell.
People said the same thing for Redfall. I don't think a studio would show gameplay unless they think it represents the game. They didn't give a release date but I also doubt it's 2-3 years away, studios usually show gameplay when the game is approaching release.