It looks really cool. The trailers are awesome.
I really hope it turns out to be a well developed story and more importantly, the concepts and abilities don't turn out to be just sort of circus tricks that have no REAL impact on the game.
The whole revert time thing looks like it could be very cool but also looks like it would also be hard to implement really well unless they incorporate some type of puzzle structure that requires you to fix something to complete a puzzle or pass a certain area.
U3 engine has a "meh" track record with most developers but it looks like they have a bit more color (not by much) than gears.
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