It doesn't say alpha anywhere on the site.
I tried out the leaked old alpha and I'm not too impressed. I mean what the flying forget you get 1 exp for killing an enemy? Not to mention practically anything and everything can and will kill you. The game is hard as balls. How are you even supposed to get money when no real items are dropped? Are these things fixed in the latest version?
Well my experience in the latest version is as follows:
I'm an Orc Warrior like you, i can kill loads of things by using dodging and blocking (blocking with a shield of course) in combat. Enemies drop loot and money. I'm only about level 3 or so and i already have loads of armor and the stores sell some too.
Although this "padding" could be a placeholder until they figure out a new system to make leveling up something that isn't easy but isn't grinding either. What i was really impressed by was the way how the Mana/MP mechanic works (Hit enemies to gain Mana points to execute special attacks). The only problem i have with this game is that it doesn't allow block destruction. One time i was in a cave and i got stuck because there were blocks blocking my path. I tried rolling, jumping and everything into every direction but nothing let me trough. I eventually had to wait for a fat bat to kill me so i could respawn.