The term 'action RPG' is generally used for Diablo style hack and slash games, with no real plot and shallow, linear quests that boil down to either going to kill something, or finding / delivering something (which involves killing monsters that are in the way), and is an immediate turn off for me. Unless I've seen a game recommended by a trusted source or there is something unique about it, if I check out a game's home page and see the term 'action RPG' I might dismiss it without even finishing the sentence.
Wikipedia link:
Action RPG.
D2:ED may be an RPG with an action style combat system, but it is not an action RPG (by the common definition of that term).