I just bought the game yesterday and I have installed the latest patch.  From what I have seen up till now (I did not have time to play a lot), there is no monster respawn.  Is it me?  
And Kiya is right.  The Seraphim is really silly.  But I liked the graphics and the dialogues.  The mini map is a pain you know where because you have to constanlty press tab.  I need to see more of the game though but generally I think it is a nice break till  <img src="/ubbthreads/images/graemlins/beyond.gif" alt="" /> is out.
The funny thing is that I bought two games yesterday Sacred and Prince of Qin.  I bought Sacred for 25 € and POQ 40 €.  POQ sucks and I cry for my money  <img src="/ubbthreads/images/graemlins/cry.gif" alt="" />