I don't like the virtual idea at all, so this will probably be a worthless post. It just feels to me like two kids in the middle of nowhere not doing much, and because it's all "virtual" it is nowhere as real as the orginial Knightmare felt.
The least they could do is have the three advisors put back in place with Treguard looking at the virtual world through a monitor on a wall. Basically, the original Knightmare, just with "virtual reality" instead of the blue screen.
Although, forgetting the original Knightmare, it looks good, it'll definitely be commissioned, though I don't see it lasting more than a series.
I hope we see items being put into a knapsack rather than moving to the top of the screen. The thing that they see Lord Fear through looks weird. The spyglass made sense and the name "spyglass" was ideal for it.
The lack of the helmet of justice lessens the advisor's role in it all. Without advisors giving directions it's going to be quiet a lot of the time and therefore less interesting. I'm sure the kids could easily get bored by that and turn over to see what else is on.
The way the dungeoneer was walking was rather camp, and that reminds me... I don't like hearing the term "avatar" when the word "dungeoneer" is fine, because it makes the game seem less dungeon-like.
And the music in the tunnels... it's hilarious!