Indeed, I got on for an hour or so, seems like more of the same, though I suppose an hour is hardly time enough to judge. All the old Fantasy MMORPG elements are here (unfortunately).
On a positive side, the lag was minimal, even on the medium setting, much better than Vanguard, which was barely able to run on my machine even on the very lowest settings.
The graphics are not bad (probably much better if I had a better machine and graphics card). All in all, with my very limited experience, I would have to say that it is interesting, if somewhat less than groundbreaking. I may try it a bit more if time permits.