One of the more interesting MMO's on the horizon is Shards Online by Citadel Studios. It is a game being made by a number of Ultima Online, DAoC and WAR developers. One of the stated goals is to recapture some of the magic of UO. Of course, they are also trying to bring something new to the table by offering private servers as well.
Stratics was able to do a Q&A with the developers, you can find it here: http://stratics.com/interviews/shards-online-qa-with-citadel-studios/
They are also giving away a $20 Steam gift card, using my very own Sites with Benefits. It's easy to get your chance at the prize. Just use the gift box on the right side of the screen.
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