First instinct says no.
It seems to have graphics, and that means a much slower dev cycle. It can't compeat with DF for content. It also makes life either harder, or straight out inpossible for modders, and the abilty to rapidly mod the raws is a key feature of DF.
Now let's watch the rest of the video.
Second instict says no.
Although it is some what of a clone, like you said. It does use a lot of terms that DF uses, and game play looks familiar. Seeing those dwarves dig out those rooms was like watching the imps in dungeon keeper. Still, graphics dilute depth. In th comments somebody asked about a 3D engine, and the maker said it was in the cards.