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Just to be clear, you are free to insert, 'IMO' after every single sentence in this post as that is what a forum is, a place to exchange opinions.
I try everything that comes out just because I want to, so even though I'd heard some things I didn't like about ESO, I bought it anyway and am having a very good time playing it. The graphics are phenomenal. Nighttime is particularly well done.
After installing a couple of addons to make it a bit more mmorpgy, I like it even more. Specifically, I like to see what I've looted out of barrels and off mobs, I like automatic repairs, I want to see my mana(majika), stamina and health and I want junk to be auto-sold to vendors. I wasn't very happy about these basic mmorpg functions not being available in game, but was very happy to see they allowed addons and that the addon people were on top of things.
I do have a couple of really big concerns though. I can live without chat bubbles and I realize they've said they didn't do them because they didn't want to mess with the looks of the game, but I suspect they don't have them because this will be a console release as well as a PC release and many console players don't have keyboards. Optional chat bubbles would have been nice. I like being able to walk up to a dungeon and just ask everyone standing around if they need another person in the group. The group finder works fine for this, it's just a personal preference. I was doing a bugged quest yesterday and it would have been handy just to ask everyone standing around if it was bugged rather than having to whisper individual players. Again, I can live with it. The addon community may be able to address this in the future.
My huge gripe is the lack of a Public Auction House. I understand that they are doing it this way so that you'll have to join a guild and all, but I have always enjoyed the Auction Houses in other MMORPGs I've played and think they are an important part of creating a 'World'. Having an in game economy that doesn't rely on Guilds is important, especially with the sort of brutal crafting system they have that takes lots of mats. I'd really love to just buy some Jute when I need it without joining a guild. It may work out fine in the end, but having to start joining guilds (even with the 5 limit) at the beginning of the game is not ideal.
Maybe this is just new and I don't fully understand it and will grow to appreciate it after a while, but if I don't, it's a huge problem for me as far as longevity of gameplay goes.
I'll be playing a couple of months and then we'll see.