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Seems RF Online is comming back, this time it's being Hosted by CCR (The development company).
(attempt at)english announcement:
Personally I think this is great news. RF Online may have been overhyped back when it was released, but if you're looking for a free to play MMO you could do a lot worse than RF Online.
By looking at the website, I get the feeling the english translation probably isn't going to be the best aspect of the new RF.