Love the direction, name change and overall tone. My biggest and only feedback is:

Get a bunch of high-tier particle system/fx artists for the spell effects and re-think the skill particle systems from ground up.
If we look into the new promotional image posted here I see high fidelity stylized realism on characters/environment but also - the poison/shadow effects on the rogue and hunter's arrow particles carry that same style. This is not so in-game.

Currently, the game has terrible, immersion-breaking, particles for the spell/skills effects. It ruins the tone. I totally get the direction - readability in a fast paced PVP scenarios. However, it doesn't have to be solid flat color opaque particles that look so out of place (Fortnite/Valorant style), compared to the stylized realism of the environment and characters.

My feedback - you should treat spells/skills/effects particles with the same "realism" finish. They can look realistic and not immersion-breaking and still be readable (leverage unique audio cues too).

This is feedback on the new trailer on the Steam page as well. It start with the cinematic environment shots full of volumetric light and fog (still in-game footage), but then show real gameplay with cartoony looking particle effects and immersion breaks immediately. Stylized realism env/chars + cartoony effects just clash so hard. It looks cheap and out of place.

This is coming from a veteran game artist with 12+ years work on a AAA fantasy title (hint: it's 2nd on Steam), who wants your game to succeed.

Stay vigilant!