Reminds of Conan and Dark and Light. It's got all the same basic survival features you come to expect, along with some RPG elements, including quest that give it more of a RPG survival feel. It is still EA and I ran into some minor bugs that reminded of that but overall no major problems. I can tell already that this is a survival game best played with some friends. At the current cost of $10 (50% off) it's worth it and easy to get friends to join. One that thing that sucks is that it doesn't look hosting your own server is going to be possible. You can rent dedicated servers or play on an Official one.
Here is my first 40 minutes of game play if you’re interested.