I think they showed too much of the bad parts, and too little of the potentially good parts.
Who wants multiplayer in a game like this?
Who thinks a wise ass from our world is a great protag in a medieval fantasy setting?
I barely saw glimpses of exploration and the world, towns etc. If they'd shown us more of that, and just ditched that terrible protag, then maybe it would have looked better.
Looked cool enough for me though, but I loved Drakengard. Drakengard had a great story and characters though, something there were no indications Scalebound was about to provide.