I liked the magic a lot.
I also liked the music very very much, especially the tundra soundtrack :wub:
The interface (not the HUD) looked nice and clean as well. I liked the skills menu the most.
Animations... were pretty decent (in general).
I very much liked the dungeon design... with all the waterfalls and such.
Dragon battles looked, sounded and felt awesome.
Finally, I thought the "atmosphere" of the world was great... a lot thanks to the music I think