If you like the series, your heart will be broken.
Then my hopes were dashed.
Instead of the huge land of Myrtana, you get to play on a tiny little island. Instead of the open world and gameplay, you get a series of self contained areas with generic quests and predictable progression hurdles to travel to the next region.
Of course, if you don't like sandboxy games, or happen to be intimidated by the huge worlds of games like Gothic 3 or Oblivion, then this is a good option for you. It is by no means a bad game - the combat is fun, the plot is decent enough and the graphics are excellent. However if you are expecting something like, well... the rest of the series, then just do what I did. Cry.