That's Western style as in Fallout, Arcanum, Baldur's Gate, Divinity: Original Sin, etc, not as in a Clint Eastwood flick. Although that would be cool too.
It's in the very early stages of development, but I'd like to share what I've done so far:
Terrains were built using Gaia
Environment models are from 3DForge (Village Exteriors and Interiors).
Character models are from Arteria3D.
The character portraits are placeholders that I grabbed with a quick Google search so if you've seen them before, that's why. ;-)