It would be Mount & Blade as an FPS... if Mount & Blade was junk. The only comparison I can see to M&B is how the UI looks and the way the overworld is structured. This almost feels like an asset flip. The inconsistent quality when it comes to the visuals, the horrible balance, the average shooting mechanics, the poor sound quality (and lack thereof in parts), the AI is pretty brain dead... (I'll stop there).
It should not have released in this state. The recent Steam reviews vs all previous reviews reflect this.