I'm pretty impressed with how things seem to be shaping up:
The team is cranking out patches and adding new PvP content
QO is removing chat restrictions for free players - critical, IMO. That negates one of my concerns with the revenue model and is, frankly, the one that's most obvious so new players.
Derek's starting to market the game through interviews and advertising
The community, albeit small is nice and seems dedicated
While I'm critical of Alganon (I believe constructively), it should be obvious from my posts that I like the game. I just think it needs work and I have some issues with the revenue model. That being said, I've never thought it wasn't being worked on. It's obvious the team is dedicated and passionate about what they do. That's a great thing.
I really do hope Quest Online and the game succeed!