Minecraft with advanced gfx?
Shop'd
^
Looks like...
Looks like Oblivion, but it's not Minecraft. Normal-mapping (or possibly modeling) on the ground, light rays from above, and the lava isn't tiling nearly as much as Minecraft's lava does. The obvious conclusion would be this is a render from some other engine (again, Gamebryo/Oblivion is my guess) with the Minecraft HUD pasted over it.
Still real good work though.
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Cool, it looks like a tileset like you said, it would be pretty cool to have that :D