I'm glad you've enjoyed it so far, though I'm afraid we haven't changed the format of the series. The demo only shows the prologue which does set things up in a particular way so you get to know all the characters, but after that the bulk of the Steps will be separate Moments. I think that's a unique and important part of OL games because it really lets you create your own experience rather than going through a creation of someone else.
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The Moments won't be separated by character. Both will show up in the Moments, though there will be times when you can go off and do things with just one. I wouldn't want someone to have to skip entire Moments because it only includes a lead they're not interested in and having to double the amount of DLCs people needed to buy isn't something I want to do. They're not going to have one single DLC like Derek and Baxter do as separate side story routes, they're like Cove and will have DLCs for all three of the main Steps. Six DLC purchases would be needed to get all of the Moments if they were separate. So instead, just like the first game, there will be 5 free Moments in Steps 1-3 and additional 5 that can be added to each through a DLC for a total of 30, plus a Step 4 epilogue with no Moments.