I think it will be strong for the four levels we have available to us in EA. At level 5 melee classes will get two attacks with the attack action, and the druid will really not be competitive in melee damage anymore.
Also, I don't know if we saw AC in bear form, but I believe that it will be quite low, so the druid will be a big target in animal form. Without the ability to survive "death" by transforming back I think that the low armor would make transformation a death trap.
I suppose that we will be able to find out for sure soon.
