It's certainly looking a little more cartoon and exaggerated (Getting to the point of TF2-like graphics), but I do like the graphics style. That said, it looks like there are going to be some serious gameplay changes - they're saying a maximum of eight players per server, which would make it more like the World Leaders game mode we have right now in The Ship (A limitation of the number of custom models), and I'm thinking that they're going to tweak the security/witness setup to make it more friendly to the average player, much to my dismay. That said, I know I'll be purchasing it day one for....obvious reasons.

The trailer is on Steam. Doesn't show gameplay, but is absolutely hilarious to watch. Link.
(I'm kind of sad I didn't notice this when the details all emerged....a month ago.)