Found it through a friend yesterday, it is a more hardcore-ish sand-box MMORPG like Ultima Online or EverQuest, where:
-People will control the economy
-People will be able to build their own houses, workbenches, equipment etc.
-no instances, it's all in a big world.
-PvP everywhere, though people that act like criminals will be "targeted red" and is "free-to-kill", without a kind of "karma loss".
-Full loot of players.
-No char. levels, just skill points to your own discipline.
-FPV to not let you have 360 degree vision at all time.
...etc...
Sounds pretty awesome, I have longed for a hardcore fantasy game where it hurts to die and the playing possibilities are massive.
The graphics does'nt impress much, and as said, I haven't read about it throughly... But it sounds like an intresting game with great potential.
Homepage:
http://www.mortalonline.com/Video:
http://www.youtube.com/watch?v=KxctAqDcFFQTheir Wiki:
http://mortalwiki.org/wiki/Main_Page