Woah,
Seems like this time I'm gonna be the positive, optimistic one, as I genuinely liked most of the presentation.
The 2D art is great, the backgrounds are stunning. I don't mind redesigns, they look awesome. The cutscene was cool. The HUD UI looks great!
There was little to nothing in the presentation about the gameplay, I think it's because there's no footage to be shown. I hope they're keeping it from us knowing that it's the most important aspect of the game (more important than all that lore, graphics and movies [which, again, look great]).
Oh, and also:
I hope this is merely a mockup of the crafting UI, because it is really bad-looking, to the point that I wouldn't use it in the presentation.