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You HAVE TO check this trailer
Looks even better than ArcheAge, they say it's a sandbox, soon in beta
Found originally on Steparu.com and there's a healthy discussion already on Massively - http://massively.joystiq.com/2012/09/07/new-black-desert-trailer-impresses/
Everything good that's coming up in MMO gaming seems to be coming from Korea
Oh, and the name of the game is Black Desert Online.