Free to play MMORPG is in open beta. You can download it now if you wish. Actual release is on the 19th if March.
http://www.runesofmagic.com/us/index.html
gamer Brent from walloftext.info has several good vids out on YT.com and a decent description of the game on his site:
https://www.youtube.com/user/br3ntbr0
http://www.walloftext.info/2009/03/runes-of-magic-color-me-impressed.html
It will be micro-transaction based but I am not too sure to what extent you need them. I'm still reading up on it.
As soon as I get it going, I will post server info...I'll pick a PvP server.