The combat is not outstanding, it is a LOT better than it was last beta weekend though. active dodge and the targetting being less 'sticky' help give it a faster TPS kind of feel.
That said, Yeah, if you like the setting and want an IMMERSIVE, Exploration encouraging setting, you'll dig the game. The questing and setting are the strong points. You will want an adventure game sort of mentality for some of the quests, which can really wrack your brain. It's not a game for the novice player by any means.