It's clearly very early access. Bugs galore, crafting balances are off, and sometimes a realm will crash and reset your progress for the last 15 minutes.
That said, it's a beautiful game with a lot of potential. I'm enjoying it as a chill game I can play when I'm looking to wind down from something more competitive.
It's a great game to play when you have friends with varying schedules. It's quite easy for people to pop in and out, or play solo, without a problem.
If you're willing to deal with the bugs, it's worth a shot. It'll certainly be a better game in a year though, if you'd rather wait.