I’m playing this right now, seeing as 3D dungeon crawlers are my favorite genre, and it’s a very good game, with some decent design ideas. Sure, the graphics are butt-ugly, the monster portraits out of place, and the interface should be a lot more presentable, but beneath all of this there’s still a great hommage to Might and Magic 1.
Here you can download the demo, and buy if you like it (20$). Made by one guy and he doesn’t sell many copies, so each sale counts.
Here is a gameplay video.