Enebias: This looks good, never heard of it before.
Anybody played it already? Is there much actual Chinese folklore/mythology does it contain?
Almost. The whole game system is based on the five elements and how each overcomes the other. Everything has it´s core in this, even the stats of the items, spells and character attributes.
The gameplay is a unique thing between real time with pause and hack and slash, like, you can pause like in divine divinity but* you will have to take decesisions during this pause for the party very baldur's gate, but is different, needs a try.
All the art, the setting, the ambiance is very china, Qin dynasty. Worth a try. The english dub is VERY awkward, and the way the texts are written reminds of those wuxia dramas, there are plenty of them free on YT, Condor Heroes, Heavenly sword and dragon saber, among others.