I find it funny you're so disappointed.
I didn't expect much, but so far it's a great game for some PvP with a little bit of notoriety.
I am playing a Mirdain, because I wanted to be an archer. I heard they start with the most dexterity (25.0) so I figured that'll help a bit. Who knows.
Finally hit 50.0 lesser magic today, so I can now access the spell Mana to Stamina, since Stamina is so damn important in this game.
I'll post some more info about PvP and other shit soon. I plan on hitching up with a guild sometime soon as well, so I can get some group PvP and city access to see how that side of things does. Should be interesting with friendly fire and all.