Sounds like it has some potential, no monthly fee is definitely a great aspect of it. I did enjoy Guild Wars for a while, but I never really got into it because leveling up didn't feel that good. When you gained a level in WoW, you felt like you had gained something, I didn't get that same feeling from Guild Wars. The same goes for items.
Instant level 20s for pure pvp, and unlocking skills with the points you won was a nice feature, though.
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