Well, I'm pretty excited about this, but also still cynical. All of these gameplay features and things sound cool, but what has me worried is the entire reason I like the Xeno-series: that complicated story. The fact that the main character will be customizable, at least, according to what I've heard... is cool. But it also means that there will be limited story around them because it's difficult to build a story about a character that can be anything the player wants. I've experienced it in so many games. And I just don't want the awesome characters I love about Xeno to be a thing of the past. I just hope that there are still some compelling characters and plot. Because whilst the gameplay that is super fun is awesome, it gets tiring and repetitive fast. A good story/characters never ceases to hold my attention.
(I've just started Xenoblade up today, so keep that in mind. I can't really compare it to that. But the gameplay of what I've played of it so far is really fun, so I have no doubts this game will also have some pretty good gameplay. Particularly with the exploration aspect.)
Also, pleased to hear that the old character designers are coming back! Oh, they've made some of my favorite designs in all of gaming. (Shion. @_@)