It seems more and more like a generic mmo. The world has the generic grindy one monster every five square feet design, which is nothing like Elder Scrolls. It was designed with third person and action bars in mind, which is nothing like Elder Scrolls, and it sounds like there's gonna be generic fetch quests, also nothing like Elder Scrolls.
It also doesn't seem very immersive. I doubt we will be able to steal items off counters and get caught and go to jail, or attack villagers, then steal a horse and run while being chased by the guards.
Hopefully the class system will be like previous ES games, where you still have a skill system and can level your skills up, since it won't be like Skyrim's classless system.
I'm really not suprised that it's not going to play like a "real" Elder Scrolls game, but one can hope. I just wanted the Elder Scrolls experience. but with friends. That would have been awesome.
I have no idea what the loot system will be like, but I seriously doubt we will be able to take all the weapons and armor off people and until were overencumbered. It'll probably just be worthless junk loot. Sell all your spider carapaces and rough pebbles and bug eyes to the junk vendor to get 6 gold.
In short, this just doesn't look like an Elder Scrolls game.