Bad graphics, boring gameplay, lack of things to do...
The "infinite universe" and "procedurally generated stuff" thing is driving people crazy, but from what i saw until now, it doesn't look good...
The worlds and creatures doesn't look that different from each one, you may think that every planet will be unique, they may be, but don't forget that the difference is limited to a few things, the game won't create a whole new species of animal that looks totally different from what you've seen before, what it's gonna do is randomize that animal to look different from that animal you seen before but with the same elements that you did see before, understand what i'm saying?
Besides that, what do you do in this game at all? Storyline, quests, multiplayer, anything? NO! The only thing i see they doing on the videos is shoot stuff and collect stuff, that's all! Then they come with all that boring stuff like learning an alien language and naming cratures and planets, omfg stop...
I'm not saying it's definitely going to be a failure, i'm just saying what i think based on the many gameplay videos i've seen, but as always, i'll keep my "no pre-orders" rule for this one.
Id be willing to bet that it gets deeper and more complex over time. Lets not forget that it is still bleeding edge in terms of what it proposes to do--an infinite world is amazing!..though like you said, the storyline and other issues like that will make it seem boring for awhile.
If only they could mix that with a system for people to really create and sell amazing items for use in game...or players being able to create their own quests and add depth to the game world (or should i say multiverse?) ;)
Gaming is going to become so powerful in the coming years...i can't wait (not that I have much time to play, but I still do love them!)
It would be awesome if players could create things in game, and now that you said, i'm pretty sure there will be people to make some really cool mods for the PC version. I wish they improve the game based on the feedback after release, tho i don't think it can get any better on consoles, they might as well add some new content like, new graphical elements, better multiplayer, some quests like, hunting or traveling to an unkown planet to fight a boss or something, i don't know, something to actually keep you playing, but i think when Youtubers stop making lives about it, like "Look at this awesome new planet i found" will be the time they will just give up and stop updating the game. If they just keep the game like it is now, it will get boring soon.
Man, now you've got me nervous about it! Me and my boyfriend have been stoked to get this game. I see what you're throwin out though... we shall see! :)