So this is the MMO game that Obsidian are making with Allods Online and it is about to enter Open Beta on July the 19th. I would certainly be interested in playing an MMO that had the depth of narrative that Obsisdian games tend to have so I might check it out.
It's FTP which is the sensible option to take with this genre now and from the trailer below I have to say that style wise it looks like a Japenese take on Mass Effect.
Open Beta