Hardcore, party-based RPG with old-school leanings and a story that's actually NOT cliche. Who would of thunk it?
It's a hardcore RPG with lots of stats and skills, graphix are almost as good as Far Cry 2 (which is to say, not absolute cutting-edge but still pretty darn good) and it runs smooth as silk on my Q6600 w/3 gigs RAM and GTX8800.
The best part I think is the story. Drakensang actually has a story that is not cliche. What's more, the game makes a concerted effort to develope the story and immerse the player in another world. It revolves around a string of ritualistic murders in a town you've been summoned to by a friend seeking help. There's a good mix of combat, crafting, and character interaction. Quests are varied and interesting.
There is a bit of campiness and light-hearted feel to the story (not that it doesn't have it's darker elements as well), however this along with the stats and dialogue system merely gives Drakensang an old-school feel which I quite like, since I've been playing RPGs for 20+ years (I played the original Wizardry when it first came out. Same with Bard's tale.) The story isn't as unique or innovative as that of, say, The Witcher, but at least it's not another "you are the chosen one to save the world and fulfill the prophesy" story. There's also an attempt to give some life and depth to the characters through occassional in-game cutscenes, which usually occur in the course of dialogue interactions.
I suppose the biggest downpoint of Drakensang is the camera is sometimes problematic. Trees and other foliage often get in the way and obscure enemies, which can make targeting difficult enough to be occasionally annoying. This is especially a problem when using ranged fighters in a forest.
The voice-acting is also pretty cheesy. I like it since the characters are played with over-the-top gusto, but this of course won't appeal to everyone.
When compared to an RPG classic such as Oblivion, the world is not quite as virtually immersive (you can't enter many buildings, for example, and the story is much more linear than Oblivion's go anywhere, do anything world) but the story is also more fleshed out.
Casual players may be a bit intimidated by the plethora of skills and stats, but the bottom line is any hardcore RPG lover will really dig this.