A Valley Without Wind
An Action Adventure Indie RPG, made by Arcen Games, who have done AI Wars and Tidalis on Steam.
http://www.youtube.com/watch?v=fEei7x6iwDY
You go through the game collecting not super special awesome weapons, but to deck out your character with enchantments and magical spells.
The game is built around doing any quest/mission you want around the overworld, as monsters level with you
Upon death you have to select a new character, the one youre using can also spawn a vengeful spirit around the area they died.
Non-Steam Demo from the Developers Site