I saw the demo came out, but rather than download it I went over to YouTube and checked out a series of gameplay videos [http://www.youtube.com/watch?v=saTAL-4XK3E&feature=related]... it was in German, but one thing came across as clear, the game seems to be:
25% walking around.
70% talking.
5% actual gameplay.
So, to answer the OP post: no, if you like actually playing games then Two Worlds was actually much better. Really, Two Worlds is a game that gets much better after you've been in it a few hours. A bit repetitive, and the horse will get snagged on a pebble, but the experience of burning hordes of skeletons in a fire patch spell is great.
However, if you rather play RPGs because you like seeing NPCs talk, then have I ever got a game for you! It seems that's Divine Divinity: Ego Draconis's primary activity.
Ego Draconis is, at least, a very pretty game.