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is basically Vindictus with anime graphics and no physics engine
it has the promise of arena PvP in the near future (unlike Vindictus)
watch some of the youtube PvP videos... I think this is a worthwhile time investment, especially since it's f2p and the developers have stated that the cash shop will not benefit PvP very much
i know most of you, like me, are disgusted by the MMO scene currently. I would say give this a try and hopefully the implementation of PvP is as good as those videos would lead you to believe
EDIT: I am LaFleur on the server that starts with a G. Have a few people playing if you need a group of friends.