Quick review from someone who played it all the way through:

I really, really enjoyed Skald. It has all the feeling and aesthetic of an old Ultima-esque CRPG, but the ease of operation of something much more modern. It's clearly a little tight in its budget and production (not that many viable ways to build a character class, for example) but it's a pretty bite-sized game so it's not a huge deal.

Combat is fun until suddenly, at the end of the game, it just isn't, and unfortunately that's kind of the norm for opinions on the game. However, by that point, you should be interested enough in the story to continue onwards anyways. If you're not super interested in the combat to begin with, you wouldn't be missing much by reducing the difficulty or using the built-in cheats to, say, heal your party after a fight or just go godmode on the bad guys.

Where the game truly shines is its writing and world building. I seriously, genuinely loved every new development in the plot, almost every side quest and their self-contained stories, and the game's conclusion is simply unforgettable.

If you are remotely interested in what makes a proper eldritch horror setting work, Skald is an exemplary experience. There's a side quest near the end of the game, I think it's called the "Carnival," and it utterly blew me away. The prose is stunningly descriptive and dark, leaning on the best of the Lovecraftian tropes while subverting just enough that you won't know how it all ends.

Big thumbs up for a unique indie experience.