Managed to have a play. No stat point allocation and I'm not too happy about skillpoint placement but apart from that, it's pretty much captured the essence of Diablo but with the game play of Titan Quest! That's my initial feeling.
EDIT: Ah there is stat point allocation! There is an option in settings to turn on "Elective Mode".
EDIT2: No there isn't. You cannot allocate points to str, dex etc. Skill tree is not as good but it is still rather polished.
Unfortunatley that ELective Mode only lets you move the skills to different buttons... No Stats is not an Ender to me realy, it was nice making certain builds but really, VIT was all I used and the minimums required for everything else...