Got it about a week ago and played to lvl 22 ( 100 max atm ). You can definitely tell its (pre)-alpha. The UI right now bugs every now and then and some items do not have inventory icons right now. Directional attacking is already in, directional blocking isnt yet. There just was a recent patch though that introduced kicking and feinting a la M&B. All in all there is not terribly much to do yet appart from farming mobs and increasing lvl and crafting skills. Technically you can take over enemy settlements ( mapspawned, not player built ) but since the server pop is not that high you wont see any large scale fights.
If you are thinking about trying it, most probably there will be a character wipe in one of the next patches. Maybe a good time to start.
Edit:
Oh and:
– Reduced a value of bows and daggers damage modifier based on the character’s dexterity
They even nerf archer there so you know its gud game
