I've played up to the second town now and I quite like it so far!
I think the combination of HD backgrounds and 16-bit sprites looks really nice, and the music is pretty good as well (I really liked the boss battle theme). The combat so far has been standard turn-based fare, though I can see the gather system bringing in more tactical depth once the characters start learning more skills that utilize it. Not much to say about the story yet as I'm only around 2 hours in, but the main characters have been pretty likable so far and there has been nothing offensively bad about the writing or dialogue.
There are some small problems I've noticed so far: the maps can be a bit too cluttered, and it's sometimes hard to tell if some objects are higher/lower than your characters. The enemy variety was also pretty lacking in the first dungeon area, as I think there were only 3 different enemy types in there.
Good to hear. I probably won't have a chance to play until late tonight after class. Keep the impressions rolling everyone.