I've been playing this and I really really really like it.
Quick summary of the cool things about it:
* Incredibly player-driven: All the non-basic items in the game are player made, and the economy is pretty much entirely run by the players. The guy running it is waiting to implement guilds and things until a few more regulars are playing, but it looks like it could be really really cool the way it all works.
* Related to the above, the map is going to be made by the players, too, it looks like. There's currently only one city, the one you start at, but once guilds are in players will be able to start building their own cities to try to lay claim to valuable resource deposits to control the crafting supplies markets. That sounds amazing: All the cities in the game, save one, will be player-controlled.
* No combat grind. The first town is basically a tutorial, and once you're done with it you'll be at pretty much full power, not counting equipment and a few other minor things. There's no month of desperate grinding to become an effective character.
* Fast, unique combat. You have a list of moves you can do with any given weapon, each of which is triggered by a hotkey. Simple, but with things like defenses, ripostes, status effects, and other stuff, mixed with the speed the combat takes place at, leads to fights that move quick and stay tense but fun. Lots of very different fighting styles to choose from. I really really like the combat system.
* Crafting seems like the focus of the game, and takes place as you just play normally. You can queue up to 10 crafting projects that get built in real time even if you're not online. There's a lot of non-crafting stuff to do, but if you just want a game you can sign into once a day, tell the game to build you some magic wands, and log out again you can do that, too.
There's a lot of promise to this game. It's only been open maybe 4 days or something, but the player base is flowing in pretty quickly. The help files aren't all that meaty yet, but since everyone's getting started and learning things, too, global chat will fill you in on anything you don't know without any hassle.
I'm on as 'Mir' if anyone needs any carpentry-parts.