I have doubts (some of them major) about the game, but hopefully the co-op gameplay will make up for it. At least conceptually, the devs seem to really emphasize co-op play above all - I just hope the new co-op mechanics aren't just gimmicky. And this certainly won't make up for bad design.
As for dialogue, meh. It's an action game. It's a step up from Morrowind, anyway.
In other news, Apollo Justice: Ace Attorney, Advance Wars: Days of Ruin and Professor Layton will be out within 1-2 months on the DS side. I forget when Ninja Gaiden DS will be out, but it should be within months as well. Hopefully they should announce the inevitable localization of Dragon Quest IV soon enough, too. I forget what else I'm looking forward to in the near horizon.
On the 360 side, Vegas 2 should be hopefully worth it. Co-op in the first one was good fun. Left 4 Dead is apparently delayed until the summer. As for Brothers-in-Arms 3, I'm wondering on the co-op announcement, or more info on the multiplayer. I forget when Mercs 2 is coming out, but co-op + sandbox could be interesting. And blowing stuff up. Too Human could be hit or miss, but a 4p online co-op action RPG certainly has potential. Ah, right, Lost Odyssey should be out very soon as well. And Devil May Cry 4, though I'd need to try out the demo first, since I've never played anything in the series. Ninja Gaiden 2 is an easy purchase. As for the rest, they're probably further away.
My most anticipated game is easily Ikaruga on XBLA, though. The netcode better be flawless, or Nick will bleed.