I watched Risen 3 review some days ago and author shared same sentiment I have about PB:
They simply don't know what made Gothic 1/2 great games, it just happened somehow
In later games they are all about making huge game worlds and joining factions, like those two things are most important for winning formula!
They invented Gothic, so I think they know. They tried different things in Risen 2 and 3, got some backlash and ELEX stands to correct that. And Risen 2 and 3 still had a large amount of the Gothic formula. Just not as much as earlier games. PB has already stated that ELEX is more Gothic/Gothic III than anything Risen.