Seems this game is turning out to be somewhere between DMC 3 and 4.
I laugh at anyone who thinks DMC4 was a well-rounded, great game. It had next to no story, meh bosses (save for Credo Angelo) and bland environments/game world. The fact that you had to go back through the same levels in reverse due to some lazy game development didn't help either. The combat however, was spectacular and kept me playing that game for a while (there was nothing comparable besides NG at the time).
This game it already looks like there is a story, the design is great - what remains to be seen is if it has that staple DMC addicting combat system, or is it overly dumbed down to appeal to a broader audience. That might just the deciding factor for the hardcore series vets (of which I am not one).
Feel free to laugh away, because I think 4 is the best game after 1. The combat is absolutely exquisite, propped up by some fantastic enemy and encounter design. They're just fun as hell to fight, especially compared to some of the absolutely miserable enemies in DMC3 (Fallen, anyone?). The bosses in 4 were great. Credo was phenomenal, the rest were fun enough to make refights interesting. 3 and 4 both had one major stinker (Arkham + Savior) so they're about even in the boss category for me.
The level design wasn't even a consideration for me when I was playing, honestly. These games shine in combat and enemy design, and thats where 4 delivers. I mean really, the appeal of these games is replaying them several times with more challenging encounters and remixed areas, so I never saw backtracking as a problem. As for the story, if DmC's story is seen as progressive, then I'd prefer the series just stay stagnant. At least 4 had some fantastically directed cutscenes to make it's non-story entertaining.
On a side note, NG3 was probably the most genuinely awful action game I've played in ages. I never suspected for a minute that DmC would even approach NG3's level of awfulness, or even be less than decent. It's simply a regression in the things that matter to me in the series, and I'm not willing to support that.
edit: the dice game was such a non-issue i was pretty shocked when i saw people talking about it with such vitriol. i figured out the 'trick' (if you can call it that) immediately and finished it in like 2 minutes.