Cube World is an exploration-based ARPG/hack-and-slash that looks like a combination of Zelda, Diablo, and Minecraft. The game is still in development but can be purchased and played for €15 via Paypal: https://picroma.com/buycubeworld. There is also a demo (download).
The dev has posted a lot of videos and screenshots that show off the various systems in the game, from questing and dungeons to combat to building and weapon crafting. Here are some videos (newest to oldest).
Combat - Bows, Dual Wielding, Shields, and Two-Handed:
More Combat (in slow-mo):
Spirit System (Custom Weapons):
(Updated 07/19/13 with new links and purchase info. Thanks BadKen.)