The Division seems like a really interesting change of pace on the modern-shooter genre. It seems to be open world, MMORGP, third-person-shooter, mish-mosh of genres that could collide into something beautifully brilliant.
That being said, I wouldn't be surprised if it failed miserably. If Ubisoft expects its player base to really communicate and coordinate to the level they show in the trailer then they might have trouble growing a dedicated player base that is needed for that type of strategy.
Also, let's not forget Ubisoft's latest release, Watch_Dogs. Yes, the game is a load of fun, but the graphics were dumbed down A LOT after teasers were shown from E3 though Christmas 2013. The Division looks fantastic as of right now, but seeing as both Watch_Dogs and The Division were debuted at E3 2013, I am very skeptical about graphics quality on the next generation consoles.