It is fun to play around with the world, interact with things.
But so far the gameplay has been lacking (to be fair, I only have 1.6h in it). Melee feels powerless, even if you smash a cinder block against their head with full force.

Gunplay seems unrealistic and gun manipulation is on bare minimum. Even Pavlov has more gun manipulation (magazine eject and bolt catch should be standard).

The physics are janky, but still fun to play around with. But it also seems weirdly unrealistic at times when the objects just swing after your hand or bounce just too perfectly.
It feels unpolished currently, but it definitely has potential if they fix the bugs like crashing on certain parts (not my own experience but seen in a video) and a controller suddenly not working anymore (still worked in the SteamVR overlay, so it wasn't the controller itself).
With the sparse checkpoints, it can be really frustrating to experience such things, even so, more checkpoints would also be nice, must not really be manual saves too, just more. Frustrating to spend multiple minutes running because you died to a turret you didn't see.

I'd say to follow it for now and come back in 2-3 months and see if they improved the physics / fixed the bugs.