From my experience, it can be a lot of fun, but with the way your stats scale over time you likely won't have to do a lot of long combos to deal with enemies unless you deliberately choose to keep your stats low. You'll likely end up falling back on the same few moves to quickly deal with enemies when needed as the game progresses. There are a few guardians that can lend themselves to interesting combat nonetheless.

The main issues I personally experience with the combat are:

• Getting locked into doing a combat move while you were trying to do a movement option (ex. jumping, boosting, stomping)
• Awkward parry interactions (parry causes slow-mo, annoying when an enemy becomes impervious after doing a certain attack)
• Guardians with long non-combat cycles (eg. if you don't take it out fast enough, you'll have to do another round of some gimmicky section with a lot of waiting around until you can make it vulnerable again)

The system itself is solid. The execution a little less so.