It's reasonable. As do most of the Open World Survival Craft games, the game aims to do many things and gets some of them right. Best enjoyed with a friend or two.

The game loop mostly consists of running about, fighting enemies (and occasional bosses), gathering items, and unlocking waypoints on the map. If something seems unusually hard, perhaps you should have crafted some weapons/armor.

The game tries some interesting things with combat - weapons and armor can be made from mixed parts to optimize for one or other parameter, including weapon's range or how much it pushes you forward on attack. The combat itself is just alright, however - you have a heavy attack and a few-hit combo. There's a dash/evade move, but you can't cancel an attack, so all of this doesn't feel particularly dynamic.

There's farming. You may occasionally have to engage with it to grow medicinal herbs and because of a mechanic where the character's diet (roughly whether you're mostly eating meat or plants) affects some stats and how well the character fares in overly cold/hot biomes. You can only water the plants by hand (unless we've missed something?) so it's best that you don't forget about them for too long (or have someone watch over these).

There's cooking. There's an advanced soup system (with different effects based on ingredients), but bowls of soup don't stack in inventory so it's usually easier to carry a stack of grilled eggplants or chicken legs.

You can rescue adventurers and have them help you in exchange for food and shelter. When ordered to work with a resource station, sometimes they just wander off and have to be manually re-summoned to the camp building.

You can build stuff and terraform (including expanding bodies of water), no complaints here - a pretty robust system. You can also label your chests, and the labels will show over them in 3d, which helps a lot with quickly telling which one's which. And it is one of the few games that has a way to move your structures to a new place, very kind.

Other caveats:

1. Building/crafting windows could really use a search bar - there's a lot of things that you can make.
   
2. The lower-detail version of the eggplant tree model has fruits on it even if there aren't any, which is an annoyance.
   
3. If you build too close to your initial spawn point, you may hear faraway players swinging their weapons.
   
4. Some text isn't localized in English - most notably the buttons in the soup interface, some of the buildings that can be unlocked through blueprints, and those little sticks (?) that you occasionally find on the ground.
   Some text isn't translated particularly well (or is machine-translated), but overall it's tolerable.

As is standard for the genre, a game is never truly complete, but might be proclaimed complete once the developers formally add a Big Boss Fight¹ and pronounce the player the hero of the land after emerging victorious out of it.

¹ That said, the last boss in the current EA version is already pretty big