quick summary of my experience (v0.9 or v0.09?)
1. The art is really great, one of the best points I can give to the game right now but for me the content (not naughty bits) lacks things to do, I found it boring after a few hours of just walking around or talking to this NPC then this NPC (plus I think the time progresson feature is kinda basic and some times (for me) unnecessary), It lacks side quests/dungeons/exploration and becomes stale very fast on a few hours.
2. The combat is good but there are only a few (rarely) times when you actually do combat and the special abilities (especially Ethereal and Black Souls) are really basic too, Ethereal is rarely used but could be used more in the gameplay itself and of course more unique skills would be interesting too.
In the end I like the game but it needs more work and content, again the art is one of the strong points of the game so far but the gameplay seems basic at least to me.