Sure, it's just that this game is far away from release. We've seen at least 3-4 highly promising ffa pvp games vaporize over the past few years (Trials of Ascension, Thrones of Chaos, Twilight Wars etc), games closer to release than this one.
Apart from the fact that they have nothing to show for really, except a decent looking website and walls of text, it looks like a good game, in 3 years at best.
The fact that they produce a theatrical trailer (with no game mechanical relevance whatsoever) before they produce any game footage or screenshots, raises a few questions.
Looks good on paper I agree, but I bet most people here would rather /wrist than take on another 2005 DFO style 2 moar weeks.