I know... sad face.
I think it will be fine as a FPS, but if they stay with that, they are selling themselves very short. I suspect (and hope) that they will do what Red 5 Studios did with Firefall, and go public at first with a PvP match game, then develop the PvE portion, as money comes in to fund more development.
Speaking of Firefall... Red 5 has announced that a huge update coming (actually it was blogged back in Feb, but now finally given an immenent date)... either this month or next. It's a major change, like really major, (if you've played as long as I have, you will understand the major overhauls that Firefall has gone through during its development), so I will look into it more and post something when I get a chance.