It does look to be pretty well along. I also thought the same thing about the interface initially, but I guess theres only so many ways you can arrange interface elements and people have settled on this format.

About the video. Animations look terrible, I hope they put a LOT of time into fixing this. The graphics looked good though.

Then he said it "this is an action MMO, so no auto-attack and no dice rolls". This usually is a thin veil meaning the game is dumbed-down for consoles. Even the hot-bar at the bottom only had about 8 total abilities. Sure it's fun to jump into Marvel Ultimate Alliance (came out a few years ago, look it up - fun game) but it's not what I expect from an MMO. I want something more complex then a button-masher.

Something I came away from the video with was - acrobatics sucks and you'd be an idiot to pick it over super-speed. Unless it provides some kind of defensive bonus or something that wasn't apparent in the video why would you pick it? The super-speed guy was moving at 5Xs the speed and even running up buildings.