You know, I'm usually really tolerant about things like this, but this is just... hilariously bad. At least you could tell that Neptunia was taking the piss. It was self-aware, but with Time and Eternity I can't tell if it's serious or not. I also quite liked the character design in Neptunia, but in this game it doesn't look right. And the animation, man. It's ridiculous. Toki really spazzed out there with her legs...
Also, the voice acting is actually pretty bad. I don't exactly have high standards when it comes to voice acting; it's another thing that I didn't have a problem with in Neptunia (except for pissty Histy's voice), but Time and Eternity seems to just be bad.
Of course, if the game plays well and possibly gets better later on, I could see it being tolerable. Of course, that's not what's going to be shown here, so I'm not gonna pass definitive judgement on this game.