The embargo lifted today, and we received multiple written and video articles. There are no screenshots, let alone gameplay videos, but we at least learned a bit more about the game. Select partners and media outlets were shown gameplay, but were not allowed to film.

User u/MrModius compiled a thread over on the game's subreddit, but here are the most important (according to me) points:

• Scale is bigger than GW1, but smaller than GW2: while you can see multiple players in the open world (and even more in the city, or in the outposts), combat encounters are limited to 20 people. The current plan for default group size is 4 players.
• Movement is paramount. Running, jumping, gliding are back, joined by climbing and even wall running. Momentum factors into combat - the higher you fall from, the more damage you deal, for example. Chain together different actions seamlessly - run and jump off a cliff, glide over to your enemy, then slam into them from great heights.
• Classes are confirmed. Currently three announced, likely more to come: Warrior, Necromancer, and Ranger. Roles are a bit stricter than in GW2, but it's not yet clear if this means the classic "holy trinity" (Tank, DPS, Healer) is enforced.
• Some skills and abilities are unique to specific classes, while others are shared between multiple ones. You can find new skills as rewards during exploration, and choosing a limited number of them to use means having a complex buildcraft system.
• GW3 offers a horizontal progression system, just like the other entries in the franchise - no constant gear treadmill.
• Designed for both PC and PS5 from the getgo, with clean, minimalistic, and controller friendly UI and control scheme.
• The game will be buy to play, with no subscriptions, battle passes and/or pay-to-win offerings.
• The game has been in development for four years or so.

ArenaNet plans to launch a beta test during the fall of next year, which is more than enough time to release even more information to cultivate interest in the game.