Reading that, sounds like they're at least putting effort into the game, so it might actually end up not half bad.
After all, SMRPG ended up decent enough, as did MMXCM, and both aren't much different concepts (well known platforming franchises into traditional RPGs (or something resembling that), and they both turned out decently enough, so yeah, definitly not something I'd instantly put in the 'lol' category until more info on the game comes out.