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From what I've read so far on the kickstarter site, it does appear that this is exactly what they are shooting for. Since Brad practically invented Everquest, this makes me quite excited! Going over all the of the details, a lot of terms and throwbacks relate directly to Everquest.
God I hope this is a new reimagined remake of that wonderful game. I don't care to have twitch combat or destructible enviroments, or any of this newer technology crap. I just want a game that's nearly exactly like the old EQ that we all miss.