It may not be a legitimate "rendering engine" but I'd say it sure as hell is a "type of game engine". What exactly makes it not a game engine? Is it because its lacking tools and/or level editors or something? From what I see, it is a proof of concept RPG built on top of an HTML5 RPG game engine.
Having said that though, this seems to have been released rather prematurely. Its extremely rough around the edges and clearly hasn't been tested in every platform and browser.