I think the video looks good, all things considered. The volunteer team is clearly working hard and making measurable progress. Joppa's music seems very good so far as well. Combat is obviously rough at this stage, as one would expect. I disagree that the graphics are worse than EQ luclin, but the character models and equipment need to be custom designed and animated for future crowdfunding. Some of the npc models are pretty cheesy and they should be custom designed too, but I'd prioritize pc and equipment over that.
So in summary, hopefully the team keeps up the good work. I'll continue to watch pantheon and hope it sees the light of day eventually.