I got into a 'beta weekend' for this game by Trion last weekend. It's coming out early 2011 and it was really awesome. I can't say much more, there is an NDA, but it had really good graphics that even made my i7 + GTX 480 break a sweat. It's fantasy based and has PvP.
I would say it's the best MMO I have seen since WoW, graphics better than Conan.
I didn't see any threads on it, so I'd thought I'd post. No, I don't work for them, it's just a good game that caught me by surprise and I wanted to spread the word. If you look around you can find some videos.