Looks a lot like torchlight to me, only with the stupid FF "I hit you and then I sit and wait for you to hit me" combat.
Hi all! Look at my screenshots to see a real fight. I did not cheat. http://www.gamespot.com/users/evaneself/view_album?id=5DNlCRhfLX2ORsNu
perhaps 1 of the best game i've ever played, and i have played trough whole HoMM series (yes, i know King's bounty is the prequel)