As I said when I posted it to my facebook, it looks like the character designer was going for Nomura and the environment designer was going for Tales of Symphonia.
Also trailer with gameplay: http://www.youtube.com/watch?v=Nq4B0_aa8uw via Kotaku. I have no idea how to imbed Youtube vids, sorry.
I have to admit, it actually looks like a lot of fun, especially the new items. Still not sold on the character redesigns, but I can get over that.