Not bad, but I'd be more impressed by some high-res screenshots and maybe some high-res trailers. Some tiny screenshots tend to look better than big shots, especially when it comes to texture and model quality.
I don't really doubt the game looks good, but I want to see it myself.

Concerning gameplay, I hope it will be similar to what we have and I'm looking forward to seeing how sea battles are controlled. I wonder whether an engagement on the sea will result in a tactical sea battle and a boarding battle will then be played as a seperate battle again. Would make sense since otherwise you might lose your whole fleet playing the boarding battle, or maybe boarding is done automatically?