I know; I've been following the new one since last year.
I like that they are consciously trying to emulate the first game and ignore the second one, but some things concern me. The limitations of the original XBOX was one of the biggest issues with the first game. Console/PC simultaneous design is not as big of an issue as it used to be, but it does hurt flexibility, plus the PC port tends to always get the short end of the stick. Also, some of the design decisions they've already announced (regenerating health, wtf!) are troubling.
A lot of people are excited about the CG trailer that SE debued around E3 but the actual game won't have any pre-rendered cutscenes in it, so that makes the video pretty pointless. (Unless of course you are excited by the very idea of stabbing people to death with your elbows).
Still; they didn't go the way of Duke Nukem Forever, so that's something.