Why am I writing this review after only 40 minutes of playtime? Because, that's all the time you need to really get a feel for what this game is about and where it's going to go. By no means is this a bad thing. The humor, direction, attitude of the characters, and overall tone of the game is set out within the first 5 minutes of play.
Well, that's rather refreshing. For me, anyway. The pro's and con's in this short an amount of time are rather apparent, as well. Keep in mind how, well, ancient this game is in terms of PC gaming. Consider the history behind it, the people who developed it, everything - it matters.
The short part is that I'm old enough to remember when the type of games this was specifically parodying were unbearably popular. And the parody points within it are spot-on. Obviously, the team that developed the game and the writers who worked on the dialog had a deep appreciation for what they were making fun of - as "Weird Al" Yankovic has expressed, we only parody the things we really love. This was made in that spirit, because this sort of game, this subgenre, is so overdone that it becomes a parody of itself - in this case, however, that makes it funny. Not in an uproariously hilarious way that will have you falling out of your chair laughing, but in the, "Oh, God!" way that will make you chuckle and keep you entertained. It pokes fun at the sexism, the rewritten Arthurian legend, the accents, the creepy magical elder and summoning of creatures, everything. Again, forty minutes into the game and you will already have a very solid idea of where it's going to go.
Sometimes, the most subtle indicators can point to this. I don't consider this a spoiler, so I'm going to go ahead and say it. You can tip cows. That's right, you can tip cows.
The gameplay itself reminds me so much of games like Dungeon Siege, and if I'm not mistaken it came out around the same time period when Dungeon Siege, Diablo 2, and other games of this sort were incredibly popular - and it just smashes them. As entertaining as they were, it takes them, turns them on their head, and gives them a spanking for every trope that it employs to make itself entertaining.
Oddly unpretentious for a parody, and very funny for people who remember or have played several games in the same genre. Still, I wouldn't suggest that people who aren't normally fans of this go into the game - you're not going to enjoy it.
In good conscience, due to my playtime, I can't give it a percentage or scaled rating, but I can tell you that if you like this sort of game and the mood of it normally, you will find it refreshing and funny. Certainly worth the price of admission, and if you're worried about bugs or problems - the only thing I can say that I've noticed thus far is that there are tons, and I do mean TONS of loading screens. This is actually what caused me to stop playing. This could be a result of me being spoiled by newer computer hardware and abilities that older computers simply didn't have, or it could genuinely be an irritating problem with the game.
Either way, pick it up. I'll be back to write a more detailed review when I play more of it, because I'm sure I will play it to the end.