RPGfan.com, a really excellent website if you haven't checked them out, just did a podcast about this game, which was the first time I'd ever heard any significant information about it. Two things strike me about this game. One, it's a big fantasy-RPG that isn't Dragon Age or Elder Scrolls. Two, the world and history of the game was written by R.A. Salvatore.
R.A. Salvatore is one of my favorite authors. He does the excellent Legend of Drizzt books, as well as the Demonwars Saga, several other liscenced DnD novels, Vector Prime (a Star Wars novel), and Echoes of the Fourth Magic. The game itself features a non-class based, open-ended character development system, an open world to explore, and great combat.
Sold. Definetly going to give this game a look.
EDIT: Found some really cool gameplay footage here. It's the E3 demo for the game.