The graphics are functional, but the textures are dark and blocky, and overall the effect is not pleasing. On top of this, when your party fights or casts spells, there really isn't any appropriate feedback to indicate you've just hit the enemy. Combat is largely unsatisfying for this reason alone.
Beyond all of these problems, NPCs and buildings all generally look the same. There is very little variety in the game, so you can easily tell it has all been created in a cookie cutter type of way, and this makes the game boring graphically.
Sound is fine, but it not terribly inspiring. The sound effects and music all help the game's ambience, but not in any sort of original manner. Also, the opening sequence of the game has graphics and animation that look primitive, and really detract from the overall game.