Um, it's pretty...? That's been the case of every Final Fantasy game for at least ten years, and most of Square-Enix's line-up in general. "Pretty" they can do. One still gets the unfortunate sense that a) many of those responsible really wish they were making movies instead, but b) Spirits Within made a pretty resounding case that Square-Enix should not make movies.
Other than that: the teleport/grapple move looks kind of interesting. I await the party mechanics with a sense of dread, as it looks like the player is pretty much busy controlling the main character in real time during combat. It's easy to make party AI dynamic, intelligent, and full of character in a short, carefully edited preview; it's also easy for the actual result to mean finding that Fred spent the entirety of the last battle bashing his noggin against a rock and using up precious healing items.
Annnnd what we're shown of the story is kind of an incomprehensible mash. The prince is travelling with his companions for some reason. There's a girl. They might be travelling to the moon. The girl might be the moon. Oh-kay.
So it's a Final Fantasy trailer, in short. Wait for the reviews, caveat emptor.