Well, it is primarily a dungeon crawler with a little kingdom management and random events on the side. It is important to get out of the dungeon when you are low on potions. There are now customisable sliders for all levels of difficulty, so if you want an easy game with Extreme Item Quality and Double experience you can choose that if you want. The release version will have one or so more sliders than in the last beta version. Also, recently you get more info on Creature level, HP ranges, exact HP, exact immunities and vulnerabilities that increase the more creatures of that type you kill. You can also upgrade your heroes and your towns. It has a lot of hidden depth, that might not be noticeable if you aren't really after a dungeon crawl with a bit of light kingdom management.
Anyway, I invite anyone interested to visit the web-site and forum, and I think there may be a demo of an earlier version, so give that a try to see if it is your thing.