Visually anyways. I don't have much details about the game, but from the video below, we can tell that they've got the visuals right. I've signed up for their Beta, and will certainly keep an eye on this upcoming game as more details become available. The developer is Reakktor, based in Germany. I don't know much about them, except that they've dabbled in the MMO world since 1999.
Sweet looking eh?
If you've got any additional information, I'd love to hear from you!