I like the look of it, the art reminds me of the Legend of Zelda: The Wind Waker. No idea how it'll turn out, but from the words used (with lot's and lot's of w) I believe that it'll be the kind of sweet and innocent cartoon filled with much death and destruction.
The animation does look very windwaker-esque, I wonder what it'll be like
Eadem mutata resurgo
(Though changed, I shall arise the same)