The scale is set at 1/600, and the miniatures, while not the best ever, are certainly evocative. I have selected the "Iron Dwarves" for my fleet:

As always, when contemplating a new game, cost is a huge factor. In this case, I have NO concerns. The rule book ran me $30CAN, and the starter fleet of 10 resin ships will be about the same.
The other factions are a little pricier, around $50CAN, largely because of pewter masts, rigging, and sails. And the ships are big. The battleship classes run in around 5" long.
I really can't wait to try this out....