The Legend of Erthia is an advanced cross between Might and Magic VII and Might and Magic IV & V – World of Xeen. Some of the features include a six member party system, random treasure, Xeen-like combat, MM7-like skill system, tons of different enchantment types, material bonus for armor and weapons, and much more.
Here is an updated gameplay video LOE. It includes the new interface, six member party, and new features.