Aw, come on guys, this thread is so depressing.
...allow me to add to it. Zyrusticae's reply was hilarious; it sounded like there were two different people talking between the good and bad points. A lot has already been mentioned.
The Good (positives)
[*] It's new and the cut-scenes are nice to watch
[*] It's a decent game, and it works. (kind of)
[*] Overall good graphics and weather effects.
[*] People cannot ninja nodes or spawns.
[*] Focus on a player-driven economy.[/list:u]
The Bad (negatives)
[*] Where are all the big squares, halls, or other large, public gathering places? Make it massive!
[*] The user interface should be more intuitive, with in-game help manual
[*] Lag while browsing, while fighting, while shopping, etc.
[*] Character limitation is a way of safeguarding against spam, but makes communication difficult.
[*] Not enough quests that expand on the lore
[*] Music feels a little bland
[*] May have concentrated too hard on improving from the previous game. Seems to have failed in picking up and implementing more ideas that made other online games successful.[/list:u]
The Not-So-Ugly (thoughts, hopes, neutrality, etc.)
[*] It's still a new game
[*] There is still so much to explore
[*] The RP community will grow hopefully
[*] Future updates will improve if not correct issues brought up by players
[*] Perhaps things will balance out as more players reach the higher levels and can more easily craft/repair items[/list:u]