BF2 with bad weapons and vehicles? That's actually a totally different feel than I got.
I'm not going to try to defend the game too much here--it's not for everyone--but I would say it feels like an ET game. Although I didn't play WolfET in any competitive sense, I did play it casually for quite a long time; I feel that ETQW is a fairly worthy successor. It's definitely not a Battlefield-style game, though, as it's substantially more infantry focused and the maps aren't (or at least don't feel) nearly as large.
You can decide for yourself when the demo comes, anyways.