I will be refunding the game, unfortunately. It feels like a 'category B' product elevated to AAA status by good graphics, to be honest. I have only two major complaints, but both are very important for me when playing a Souls game:
1. Poor combat: floaty, weightless, not satisfying. Feels like a MMO at times.
2. Bad encounter design: lots of trash mobs waiting at you at every corner, rinse and repeat. Not fun, not creative at all, boring.
There are other minor things (bugs, lack of polish, questionable design decisions with Umbral world etc.), but those would be easily ignorable in comparison. The game just screams 'we need more time in development' at every corner IMO. I will potentially revisit 1 year from now when (if) they release a complete edition.
Comparison with Lies of P shouldn't even be mentioned - those games don't even play in the same league with regards to overall quality.