Tales of Zestiria

I'm sorry if this has been covered or mentioned already, but after just watching that gameplay video, is the battle system like graces where you press up and down to move versus right and left (most tales games)? Because I hated that and never could really get used to graces' battle system.

They haven't specified. It probably won't be known until a playable demo is released. It'll probably be similar to Xillia 2, since it was so polished.

The camera does look too zoomed in. Hope it's just the persons setting. I like to generally see the whole battlefield : D

As far as I know, each game (even Phantasia I think) has had settings that allow you to change the camera distance, typically between Target, Party, Enemies, All. The angle itself seems a bit too specific character third-person, rather than party/battle field third-person though.