it looks interesting, but several major problems i would see;
- zero GM support. no matter what happens, a GM won't appear.
- no limit on boxing (already talk of 1 person boxing 6 mage groups)
- no raid rules
This all leads to (from what i gather on the forums) a really toxic raid scene on the current progression server. Yes, we poopsock; but they poopsock, train and kill steal. And there does seem to be much more RMT and hacking.
It would be interesting playing, but unless you are in the hardcore category, then most likely you will see zero high end raiding content (even less than us casuals see here on p1999)