In that the characters are low-poly, some of the textures are pixel-y, but the world is still lush, open, and highly detailed. From Coffee Stain Publishing and Iron Gate Studios, Valheim's announcement trailer showcases the above whilst presenting some of the cool features like building settlements, donning new viking gear, and exploring new lands and fighting monsters.

Check it out.

Valheim is a game about exploring a huge fantasy world inspired by norse mythology and viking culture. You start your adventure at the relatively peaceful center of Valheim. The further from the center you travel, the more challenging the world becomes. But you will also find more valuable materials that you can use to craft deadlier weapons and sturdier armor. You will also build your own viking strongholds and outposts all over the world. Eventually you will build a mighty longship and sail the great oceans in search of exotic lands … but be wary of sailing too far...

Features:

• Flexible house and base building system.
  
• Intuitive item crafting (weapons, armor, food etc).
  
• Huge procedural world.
  
• Dodge & block based combat system with a wide range of weapons.
  
• Defeat bosses & collect trophies.
  
• Engaging food & health system.
  
• Build & sail ships.
  
• Multiplayer (with focus on cooperation).
  
• Dedicated server.

It looks cool, and with Coffee Stain putting its publishing muscle behind a number of great indie releases. And the Steam Page has the perfect line for the planned release date: when Odin is pleased.