The PC Gamer impressions piece gave me some hope about the creative possibilities and that this isn't just some Red Faction style overhype. But it could be 10 years away. Or it could be 2 years away. They seem awfully vague. Sounds more like a cool tech demo where they're still figuring out what kind of game to build around the technology.
I like the idea that they apparently canceled at least two initial attempts at the new game, and mixed up the dev team, because they didn't think they'd come up with an idea new enough or creative enough. I wish EA-Bioware had thought that way with SWTOR, in retrospect.
The danger of getting Too Creative sometimes is folks wander in, say "WTF am I supposed to do here?" and then leave. But certainly I'd be all for an MMO that blows the doors off the... well... Everquest model. How ironic.