I wish I was a fan of the Harry Potter stuff, because I can see how this game would be awesome, if you are into Harry Potter.
Great atmosphere, and graphics, looks like. That said, the combat does look kinda disappointing and silly in only allowing for 4 spells on screen at one time.
That's something a patch or mod should be able to fix later though.
Anyway, not for me just because the characters would mean nothing to me. (If I wanted a cool, heavily polished and high end AAA funded type game with a very rich and atmospheric setting from a book, about a wizard school, it would be one from my childhood favorites -- A Wizard of Earthsea - I thought it was an enchanting book when I read it as a kid, and still remember it - its definitely one of my all time fantasy favorites)
L.E. Modesitt also wrote a very good fantasy series where a wizard school was an ongoing theme in the books. The saga of Recluce series, I read several of the books, and thought it was quite good.