From what I have seen of Bayonetta the gameplay reminds me somewhat of Devil May Cry with an inclusion of the clothing gimmick thing. If I actually had a chance I would download it myself. Enjoy the demo and you should probably change your pants when you are finished playing.
I'm just going to say this now and rant. Oh yea, I'm totally going to compare it to DMC just because this guy worked on the game and said Bayonetta is going to be better than it. Framerate is fine so nothing wrong with that. I really enjoyed watching Bayonetta walk. Mainly because of dat ass. Graphics look like garbage. I changed my color settings so that I don't have that white/gray filter over everything but it still looks awful. Although it might just be me comparing Bayonetta to DMC4 which looked gorgeous, you'd think when the dev for Bayonetta made a crack at DMC he'd make sure his game looked as good if not better. I want to believe the graphics will improve when the game comes out, but it releases in less than a month so I'm not very optimistic. Oh yea and JAGGIES EVERYWHERE! The camera annoyed me. It's pulled so far that you can barely make out what you're doing in the game because of all the stuff that's happening. It also makes you look at the environment which I found pretty bland. Another thing is that it's so slow to move. I know that you can change the sensitivity but you'd think that for an over the top action game you'd have the camera movement a little faster by default. The gameplay itself was alright, but didn't seem that hard at all on normal. Seems odd since even the first DMC was harder than this game on easy mode. They should have included higher difficulty. I will say that evade move is overpowered. I didn't get hit once because of that move which is easy to use since there's a sound effect of when the enemy is about to hit and he evens slows down a bit before he hits you. Plus when you hit the evade it goes into slowmo and you can take your sweet time hitting them. Oh yea, and quicktime events all over the damn place, which most are insta-kills when the enemy still has most of their health. In short: I didn't like it at all. Graphics look like balls, camera position is crap, gameplay is easy as hell even on normal when other action games are hard as balls even on easy, evade move is overpowered as fuck. Bayonetta's ass is pretty nice though.
