Never played the first, but this really looks promising!
The only thing that mildly worries me is that American McGee might be a "one trick pony" attempting to return to the only thing (more or less) that has netted both critical praise and a profit: Alice.
I mean, really, "Bad Day LA" was one of the worst games for the last generation of consoles, and Scrapland, despite being received decently well, he was only a producer on that. Grimm, his unique attempt at episodic gaming, hasn't reviewed well either.
Now, I'm not saying the guy won't be able to "turn things around" but I seriously wonder if endangering the pedigree of your only success is the way of going about such. For both his sake, and the gaming community, I hope he gets this right.