To be honest, I was pretty disappointed to hear Project Eternity would feature the usual Tolkien rip-offs. But most everything after that has been great news.
Eh, I don't really have the impression that they are just tolkien rip-offs or ever assumed so. For me it's a lot about execution in the end that proves what something will be rather than general concepts.
That said I share Sawyer's love for historical fiction, so I don't need my fantasy settings too wacky.
I like high fantasy, so I don't need it to be wacky. I just don't think high fantasy should always include things like elves, dwarves and halflings (Orlans are basically halflings with hairy ears instead of hairy feet). Tolkien used the races for specific purposes (i.e. the smallness and innocence of haflings provided a counterbalance to the ring's corrupting influence). Most every writer that uses elves, dwarves and the like however just seems to do it mindlessly, and it feels tacked on and unconvincing. It's rather telling that some of the most interesting fantasy works were written specifically as a counterpoint to Tolkien derivatives (low fantasy works like George R.R. Martin's, the Planescape setting, etc.).
But like I said, the updates have taken care of most of my doubts, and I expect the writing to be good.