Yet unannounced title from Czech developer Warhorse studios using CryEngine 3 and speculated to be set in 14th/15th century Bohemia.
Some terrain footage (enable subtitles): http://www.youtube.com/watch?v=gwnSo9bcIyA
Short RPG Codex interview: http://www.rpgcodex.net/content.php?id=8776
Website: http://warhorsestudios.cz/
Development Blog: http://warhorsestudios.cz/index.php?page=blog&lang=en