It feels just right.
Nothing wrong with it.
The combat system is good. I think it's pretty fun.
It's just the extended periods of not doing anything with 0 decision making. What I mean is, if I have a 4 man party and the enemy has 8. It might take me 5-10 seconds to click through what I need my party to do, max. While watching everything play out will take 15-20 seconds.
Even in Fallout 1-2 you could speed up the combat because they knew it would be difficult to just sit there for extended periods of time doing nothing.