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It feels more like a Diablo clone, or GW1 and DDO, its instanced, its online, but not an MMO since there are no real open zones.
There are many games like this, it does not necessarily make them bad games, but it does not make them MMOs either, can we have a sepperate name for these online rpgs or action rpgs.
Best MMO experiences : EQ(PvE), DAoC(PvP), WoW(total package) LOTRO (worldfeel) GW2 (Artstyle and animations and worlddesign) SWTOR (Story immersion) TSW (story) ESO (character advancement)