I downloaded the demo and it ran well (although the setup screen was interesting - question marks everywhere!). The game played well and they've even got monsters in, although I couldn't work out how to hit them back so the battle was a bit one sided!

Looking at their website they seem to have impressive plans but it's hard to tell as I don't speak any Russian. Not sure why it's called WOX2 though as they seem to be using the lands from MM6-8 in their project (which is nothing to do with Xeen?).

Looks like MM Tribute has a bit of competition...