The combat and leveling is pretty slow ( 4 weeks gameplay and lvl 10

)
but the graphics are excellent, the interface is just awesome ( all quest objectives are shwon on your map etc) but some quests can be kinda misleading though allods wiki should solve that.
Since i only got up to lvl 10 i can't really tell you about PvP ( but there is an pvp zone you can enter at any lvl) but the cash shop items dont really affect PvE
I reccomend you give it a try

and its one of the only games out there with an awesome storyline.