Flesh Asunder is an action RPG that revolves around preventing the second wave of a demonic invasion. It takes place in America, a few years in the future. To sum it up in a single sentence, Flesh Asunder is as though Hellgate: London and Path of Exile had a baby.
The armor swapping is indeed working, as the character is only wearing a chest plate in this screen. Also, all new environmental assets, which still need more detailing, vertex painting, and proper lighting, so don't judge them too harshly.