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I have been playing mmos for over a decade, and have been on mmorpg.com for a long time. There is one reoccurring theme I have seen over my time. This new games does X, just like what I dreamed an mmo would do. That game comes and all it does is X well; then is easily forgotten. A lot of players list what they want in an mmo but fail to realize there is an mmo that does all of the above that has been released for years and has been right under their nose. That mmo is Mabinogi.
Its an mmo that reacts to the players actions, it has meaningful and robust crafting system, a life system where players can add custom music to the game, and it has a strategic combat system.