2K Marin isn't exactly a pedigree studio. Bioshock 2 was significantly weaker than its predecessor. They've mostly succeeded by riding the coattails of Irrational Games.
I don't think this game will necessarily be bad, but it probably won't be good. It will most likely land in that bland, forgettable, uninspiring middle ground. The long development cycle is a bit concerning too.
This is definitely one of those games where you wait for the trustworthy reviewers and most likely pick it up on sale.