This is an isometric dungeon crawl, which happens in real time. Graphics are kind of small, although it does come with a neat 3D intro, but overall it's a nice game. Mobygames has a bit more detail on the game and mechanics.
The real point of interest, to me, though, playing it was the amazing sense of deja vu, although looking through my database, I hadn't reviewed this game before. Leafing back through to check, I found it: The game is extremely similar stylistically to Crazy Labyrinth, to the point where one if either a rip-off of the other or they shared the same developer. However, Studio K2 is pretty prominently listed as the developer for this game, so I'm not sure what happened between the two games.