Well, it's out.
I've played a couple hours. I definitely like it (more so than D3 in the end). The thing with this game genre is the loot makes it. And while I haven't played D3 in forever, the loot game just wasn't there. Fighting bosses and getting cool loot from the get go. I fought the first big boss and got a cool looking horned helmet that actually gave me stats that I could use. Plenty of side quests, little mini quests you discover while exploring. The Phase Beasts that open portals to special challenge areas with good loot.
Loot's where it's at, and TL2 seems to have done it correctly. The story, I haven't progressed through very deeply yet, but I don't expect it to be breathtaking. I'm only expecting it to guide me through the world.
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Can't sleep, clown will eat me.