I have played with it a little and this is what i think in MHO:
1. It seemed to me to be a little laggy at first but the graphics are awesome.
2. It does have a feel for being a more glorified SIM 2 because their are some simularites to the mechanics of gameplay.
3. The added benifit of changing the textures and a full orray of color changers like for changing the tint of a shirt or pants is another great idea. That alone will give us endless possibilities for making clothes.
Thats it for me so far. I would like to say that i cant wait to see what outfits will come out of this and what kind of houses will be made for download. Please feel free to commment on anything i have said in this post.