IGN also got a preview of Elemental recently, and they give initial thoughts  and impressions on what they saw.
“Why the excitement? Well, there's the fact that 15 years after its  release there still hasn't been a fantasy strategy game that matches of Master  of Magic, or MOM as it is affectionately called. Some franchises, such as Age of  Wonders, have come close, but they didn't quite capture the gameplay, random  maps, and replayability of MOM. If you never played MOM, it could best be  described as sort of a blend of fantasy and Sid Meier's Civilization, but it  wasn't a Civ clone as it had a bunch of cool features all its own. With  Elemental, Stardock looks to capture all those elements and incorporate new  ones, such as the ability to create and share content easily and seamlessly with  the community at large.”
Read the full preview  at IGN.