Yeah, its a game based off of Diablo 2, with the FF7 skill system (materia like), and the FFX passive tree. The item hunt is a lot more rewarding than Diablo 3 so far.
Mount & Blade does this, and I agree - it's awesome. And your enemies' blood staining your sword (and your horse). And my arrows sticking out of various parts of a corpse and all the surrounding trees, showing off my ability to aim.