Yeah, like I mentioned (and when I first saw the game a while back), it didn't seem to be anyhing more than mindless slashing at the screen. This preview showed that there is at least a little more to it than point-and-slash. If you didn't get to the end where he fights a Golem instead of a bunch of little slimes, you see the defense/counterattacking part. That thing where he swings the controller in the air seems pretty interesting.

This used to be a launch game in Japan, but it was delayed a few weeks and pushed back into the new year. Maybe they're adding some more stuff. It'll probably be a while before it gets here anyway.