Cautious optimism is definitely the way to go with this one. The showcase here definitely looks good, but how many promises can they actually deliver on? I'm hoping most of the planets have some sort of content that doesn't include the classic Bethesda radiant fetch quests. The cities look promising, animal/wildlife designs look good, and the space battles remind me of Star Wars Battle front 2 (in a good way!)
The special preorder editions are slightly concerning, I'm hoping most people haven't forgotten the Fallout 'canvas bag' debacle and learned their lesson. Stop preordering games! It doesn't matter what the extra bonuses are if the game behind them is no good. Especially the 5 day early access that plays on your FOMO. Everyone's waited this long, you can wait a few extra days. I'm waiting until reviews are in and we see some release gameplay. Don't forget that Bethesda are also known for extremely buggy day 1 releases.
If it does actually turn out really good, this might be the final excuse I need to upgrade my 6 year old PC and give my GTX970 a nice retirement.