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I get why they are announcing an mmorpg 4 years in advance of a beta, and I am sure you all are as well. We aren't morons, regardless of how dummed down the community has become thanks to the swell of FPS players infiltrating mmorpgs and turning fantasy warfare into a third person fantasy shooter (Huttball anyone?).
It is apparent that the "developer(s)" of this title have very little financial foundation. My guess is that they got together one day (whoever they really is) and said, "hey, let's get a kickstarter program in funding, get folks to donate, and before you know it, we will have the money to make an mmorpg."
This is at best all this is and it's ridiculous and unethical. Or is it?
There are a lot of folks who want to be developers; possibly as many who want to be aspiring authors (and can barely formulate a thought or sentence). So just what if the folks at EoC have a grand idea? What if they are going to build the first good sandbox mmorpg since Shadowbane? What if the entire reason the genre of the mmo is dying is because the creative folks aren't getting investors. Perhaps investors have fooled themselves through narcissism and avarice into thinking that they can get their fingers into the next pot of WoW success? And maybe the community of gamers is really dum as a box of rocks? Perhaps they all sit at home and ingest smoky substances and wait for their mom to make them dinner whilst they sit in front of a system and play GW2? Or what if, folks really aren't as stupid as the industry is making them out to be?
Enter the advantage of donating, participating, and keeping talent out of the hands of those corporate investors who have destroyed nearly every mmoRPG project since WoW.
Maybe it's time to prove the industry wrong, to show that we can have a great sandbox without relying on a bunch of suits who would turn it into a steaming pile of entropy.
Finally, consider the fact that there are easily hundreds of thousands of gamers in the States alone who would love to play a free to roam no holds barred sandbox. If each of those folks tossed in a few bucks each month, say $2.00, then consider the kind of funding this sandbox could receive. Of course I humbly believe that those who do participate in a kickstarter program (where they drop a few dollars in the donation pot here and there), should be able to fully alpha and beta test without need for invite. Just my thoughts.
So it's really up to you folks. This project could just be a scam, or, consider the possibilities.