I think it looks pretty good, impressed at the visual upgrade and the change in Baldur's armor. I really do with they'd change his clean shaven generic action guy head though. A Norse God named Baldur should have some character too him, he looks like Bruce Willis/Jason Statham/Vin Diesel etc at the moment.
Denis was doing a crazy amount of interviews at E3 and he was very poilte and patient about the whole thing, it did actually seem like they were actively trying get feedback from the demo unlike just about every other dev there (apart from the Witcher guys). Everyone else was like "here's our game, play it, sweat handed journalist."
Good job Denis, I had my doubts but it seems things might be on track.