Indeed. It's very reminiscent of Dragon Quest, but the names and terminology makes it feel a bit more 'original' - well, at least have more nuance. I'm recognizing a lot of the sounds and music from past RPG Makers, sounds like sounds from the SNES RPG Makers!! It's so good and it's mixed well with more 'recent' sounds. The monster sprites are hilarious but I can at least take the game seriously. I'm currently in the snow village next to the ice cave with the behemoth in it, and my party is Alex, Morganna (Carol), Helena (Helen), and Fredrick (Falcon).
I think the only 'crit' I would leave is I kinda wish that there were group spells like in DQ, it seems like spells targets all the enemies and I don't know why recent RPG Makers didn't have that option of making a 'group' target instead of 'all'. It's so like "what?!?"