Well, System Shock 3 it isn't. It's bioshock, which they're trying to sell as the spiritual successor to SS2. No connection to the storyline of the System Shock series, no shodan, just open ended gameplay.

The weapon system seems interesting, and I'm fond of that kind of modularity. The biomodification is semi-interesting, if not exactly groundbreaking. The 'simply the interface' comment worries me. Everything I've heard about DX:IW leads me to believe that 'simply the interface' could easily become dumb down the game. But, I'm hopeful.