Played the demo on the PS3, liking it from what I have seen of the time limited first area. Huge game world to explore and plenty of quests to do. Yes it is true that it is possible to make people hate you and loose quests which is nice.
Bad points is it is buggy; got a lot of graphical problems such as textures incorrect or whole areas black with just odd structures around. Going in / out of houses etc fixed it for a while. Hope the full version does not do this. This was on the PS3. On the PC it runs but you can't see anything apart from tne menu and certain environmental objects repeating as you move.
Seems to be a common issue kinda looks like this:-
http://img109.imageshack.us/img109/2013/reckoning3.pngI don't know to buy the PS3 or PC version or not at all, might wait a while and see. The grphical glitches would make it unplayable for me. Googling the subject seems the full version has problems too.