Age of Chivalry was always an awesome mod, I remember playing it on the first ever public release and it was great and it maintained that greatness the whole way through, it wasn't perfect, but it was a diamond in the rough and did everything it could possibly do within the boundaries of the Source engine. Which is exactly why they moved engine and decided to make an independant game.
Don't be too quick to judge just by a real early piece of footage of an early version, even when this game is released these guys will patch it and improve it for a long time.