Hm, I wonder if this started as an early Pixeljunk Monsters 2, since they said they wanted to do it in 3D.
Then "open world-gathering resources-building structures" games became a trend and they started making Nom Nom Galaxy (formerly known as Pixeljunk Inc.).
This kind of looks like a mish mash of those games.
I think it looks really interesting, both gameplay and graphics (the gold foil stuff in particular looks amazing). Not a fan of the character's faces though, I think they look too odd and creepy.