Reminds me of Diddy Kong's Quest on N64... a game I loved. I'm not sure if these are just pre-alpha graphics, bad video rendering, or what, but the company's game called "Phoenix Run" looked much more polished. Hopefully we'll see some improvements as we get closer to the console's release.
No multi-player in this game although co-operative play has been requested. I can imagine co-op with 2 different dragons playing in a trade-off style similar to Diddy Kong. That would be epic in my opinion.