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Neowiz' War of Angels launched its "Bloody Arena" update this past week. Players can log in as of 10/17 and compete in PVP matches for pvp weapons, armor, and "blood money". Groups of three, four, or five combatants can compete against each other in these matches. And two brand new sets of armor and weapons can be bought with the blood money.
The rules of the Bloody Arena are simple - two teams enter, one team leaves. Groups of three, four or five combatants, above level forty are eligible to enter the arena by talking to the Combat Broker in the main city of Enes. Anything goes in the battleground, and combat doesn't stop until one team is eliminated. However, it's not over 'till it's over: fallen teammates can continue to contribute to the battle by lashing out with melee attacks on opponents from holding cells on the perimeter of the arena, where they must remain until one side is completely wiped out.
Head on over to the official site to download and give it a try... you know, if you're into that sort of thing.