Crosmando: Right, seems to be 3D so I guess it's same league as that 3D remake of Pirates! I guess?
Yes. From what I've read, the two games share the same design philosophy: Take a vastly popular old game and redesign it for a new (more casual) audience by giving it better graphics and simplifying the gameplay. Pirates has the better reputation of the two - not really a good one, but better than Railroads.
But as said, I haven't played it myself. There could very well be an enjoyable game underneath, which just got buried under the disappointment of people who were waiting for a "real" new and updated Railroad Tycoon without the casualization. I'd say, buy the bundle and build your own opinion. :)