Cool, but boring.
Learn how to implement a save feature. I only knew how to do two quests, the wagon transport and axe retrieval, which both gave poor reward. Take all the gold from every monster and quests after two hours and it didn't even add up to decent armor or weapon.
Enemies didn't respawn, the time walking around takes far too long, and the music was good but quite annoying later on. You had something good going, but somewhere along development the corners were beginning to be cut. I didn't run into any bugs, but that didn't really matter. Wish I did actually, it would've allowed me to quit the game sooner.
Nice idea, work on it.