It's pretty level in my opinion. Not much in it.
Here is a game that started that way. Black won, in this case, but I would not read too much into that.
Fianchetto queenside white opening - problems?
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It's too soon in the game, there's not much going on yet and it's roughly even.
Ok thanks. I suppose depending if black responds differently this opening could be problematic?
yeah, but dont fianchetto right away. your e pawn is hanging.
It's just like some players after developing. There's an opponent knight on d5/4/e4/5(depending on your colour) and you're gonna castle right away, really? That opens up to a LOT of attacks i could see happening on f3/6(again depending on your colour).
Also possible while the knight is on d4/5 is that you may leave the e2/7 square open, leaving it for check, a knight sacrifice to gain tempo and soon roll down the h-file if people castle kingside normally.
Of course, i'd rather keep the knight for future un-blockable checks.
1. e4 d6 2. b3 Nf6 3. Bb2 e5 4. Nf3 Be6 5. d3 Nc6
Is white or black in a better position here?