It's more of a hack-and-slash action-rpg. If you ever played Baldur's Gate: Dark Alliance or BG: DA 2 for PS2, it's very similar.
I like those kind of games because most of them are multiplayer and I can go through them co-op with my friends.
Personally I think all of them could use some work. Take the difficulty of Baldur's Gate: Dark Alliance, the weapons customization of Dark Alliance 2, and the random dungeons of Champions of Norrath and you have almost the perfect hack-n-slash.
I have played both Champions of Norrath and its sequel, Return to Arms. I like the new characters they added for Return to Arms, but I liked how the original had random dungeon creation. It makes a little different every time you play. Champions of Norrath is also slightly less glitchy than Return to Arms.