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It called Perpetuam online and it looks interesting.
Think Mechwarrior on one world and single server based on eve's mechanics with some mechanic changes to give it a different flavour.
its currently open beta with a free 600 meg client so worth me having a look at least.
From what i have seen from screenshots and youtube movies it still needs some work especially the scalling of the Mecha as they seem a bit small and the mecha models and textures are better de eloped than the rather empty land. The customisation however is very good a nd the PvP is i hear different as i hear that pvp is only on some island with terratory controll while the faction islands have no pvp and equivelent of empirspace mineralls [artwork of whick looks a lot like eve'].
However i think i will support this one as it reminds me a LOT of eve back in the day when i first started [as in basic mechanics needing lots of work and basic graphics]. Plus i loved games like Mechwarrior and Heavy Gear [anyone remember that one?]
Anyway in the very least we should support what is a brave attempt to do what eve did and creat a true sandbox on one ser ver with a strong community aproach.
Another great example of Moore's Law. Give people access to that much space (developers and users alike) and they'll find uses for it that you can never imagine. "640K ought to be enough for anybody" - Bill Gates 1981