Wow, this thread turned to shit quick.
The game will be fantastic, as it's already showing much promise - both in graphics and gameplay. At worst it'll be good.
I wouldn't go that far, there's still a lot that can go wrong. Whilst this game won't end up being another Red Steel (an extra 12 months of development will prevent that), I am getting some sense of Red Steel deja vu with many exciting promised features (AI director, Randomised jump scares, Randomised victims) not actually being present in the demo. Who knows if they'll actually be able deliver on these promises with the dead line coming up soon.