I'm hoping the gameplay video is just low res with low res textures.
SCREENS (look much better than video):
http://content.reckoningthegame.com/sites/default/files/imagecache/image_gallery/screenshots/MARKED_Mage_Chakram_Throw.jpg
http://content.reckoningthegame.com/sites/default/files/imagecache/image_gallery/screenshots/MARKED_Mage_Staff_Blast.jpg
http://content.reckoningthegame.com/sites/default/files/imagecache/image_gallery/screenshots/MARKED_Well_of_Souls_Corpse_Pile.jpg
http://content.reckoningthegame.com/sites/default/files/imagecache/image_gallery/screenshots/MARKED_Rogue_Ambush.jpg
http://content.reckoningthegame.com/sites/default/files/imagecache/image_gallery/screenshots/MARKED_Rogue_Stealth_Kill.jpg
The art direction and character design for the creatures is a bit cartoonish, but overall it looks like a fun game with some sick spell animations. Really looking forward to it - hopefully there will be some sort of Steam demo to try before buying.