I voted Low Magic as that is likely how the setting feels initially to players, but it's really High But Rare Magic. There is only one, homebrew, spell casting class and the spell progression for it is very light (more akin to Bard but feeling more like Sorcerer) in favor of some more monk-like martial abilities and cleric-like flavor.
At least one prestige class allows a novice to take on a "full" spell progression. Others focus on the clerical or martial aspects of the class over the spell casting bit.