According to ESRB, this game contains: Violence
Parents will be hard-pressed to find any objectionable content in Azurik: Rise Of Perathia. I didn't notice any blood or gratuitous violence in the game. The worst thing parents will have to deal with is disappointed kids who are going to want a different game after an hour of playing it.
To all other interested gamers and consumers, save your money. Even renting is futile.