That's right people, well sort of. It will basically be the like the first one, but with RPG elements. There will be levels and stats, along with loot drops. The armor and weapon drops will be immediately equipable. Source.
Watch the video from this page. So what does everyone think? Do you feel it's a good or bad direction for the series? I personally think it's sick. There aren't too many heavy action games with RPG elements. It's usually one or the other. It seems like it will have the core Darksiders' gameplay that made it so fun, mixed with RPG goodness. A God of War/Ocarina of Time/an RPG, sounds good to me.