I played a little bit of this after a friend bought it (we never heard about it before the news hit that Telltale (of all companies) was publishing the console versions).
It's not for me. The gameplay might be fun if you have some friends to play it with, but it got boring very quickly for us, and the game is simply plain ugly. There's just not much fun to be had in trying to explore the world as everything you find is so basic and ugly. I don't think you can compare it to Minecraft in that regard, as in that game at least people could get really creative in making some weird and impressive stuff with the environment.
This just boils down to trying to survive some ugly zombies attacking you every now and again, and maybe making a base with some friends. There are better games out there.
I also saw a gameplay video of someone from the development team demoing the console version, and it really feels like it's coming to consoles way, way too early. I can stand less-than impressive graphics if the gameplay is fun, but this is just ugly and the gameplay feels cobbled together from a thousand different games, but never that satisfactory in itself.
Edit: Here's the gameplay demo for the PS4 version for anyone that's interested:
https://www.youtube.com/watch?v=KL9xFMvG0BI
And here's the ridiculously overproduced live action trailer Telltale Games made for it (the game isn't nearly as cool as this trailer makes it seem):
https://www.youtube.com/watch?v=2rt5Rf4dGyc