Let's start with the good, cause trust me, there's plenty of bad, you won't probably even bother to read it all
The good:
Graphics look and run great even on old RX470, atmosphere is great, the game world feels real enough for you to get immersed, effects are great, especially wood chopping effects and musket clouds and bullet trails, it's the little things that matter
Action combat feels good, weapons are cool and unique, while some complain there isn't enough weapons, they fail to consider each weapon is essentially a character class, there's just enough weapons to not feel overwhelming and there's more coming
No pay to win (for now) not even exp boosts

Now that we're done with the less important eye candy, let's get into the real gameplay, aka
The bad
Graphical design masks infinitely copypasted content, playing this game, you will get used to the feeling of Deja vu, "wait, have I seen this exact rock formation and attached scaffolding before just without snow?" "I've been in this city before" "I've fought this exact enemy with the exact moves and scripted pattern before, just it wasn't a Lion but a wolf"

Combat, especially pvp, is just broken on different levels, gear isn't doing what it tells you it should do, same for gear perks, abilities and ability perks are typically broken, sometimes near useless, sometimes absolutely overpowered, large part of the game is client authoritative which itself causes massive issues, we'll get back to that later

Crafting, when it works, is just bad, materials require massive amounts of lower tier materials to refine in order to be used (which in turn require exponentially more materials of it's respective lower tier), many materials necessary to craft certain items do not exist in the game, some crafting professions can't craft their respective endgame items

Economy is in the gutter, firstly, the game was dealing with deflation, which is really really bad for an mmo, to the point where the fee for repairing gear is percieved to be too expensive to be worth it, unless the gear is BiS or crafted endgame piece, where you don't really have a choice, furthermore the economy was infused with massive amounts of duped items and gold and despite the developers claiming they removed 80% of it by banning offenders (which is nonsense and most likely a PR lie, not the first one either), dupes are still working, whats more, these dupes are all based on the same mechanics that were "fixed" multiple times already, according to the devs at least

The dev team is oblivious to basic game mechanics and industry practices, for instance making the massively multiplayer pvp game client authoritative (which they lied about in a PR devblog once it became public knowledge), making html based chat without doing anything at all to prevent players to run commands in chat, resulting in infinite amounts of gold and exp summoned from thin air, targeted or public game crash attacks, screen obfuscation and posting of sausage images in chat

Let me repeat that, they made an entire blogpost LYING about the game not being client authoritative after it was proved beyond doubt that integral parts (player health, damage immunity, player gold, inventory and quest rewards) are in fact client authoritative, which is what it means for a game to be defined as such, and to add insult to injury, the blogpost was written by someone who doesn't even understand how the game itself works.

Last but most important, character names are censored in completely stupid way where you can't even use "beer" in a name, despite beer and other alcohol references being present in the game both in name and appearance

Verdict, absolutely not worth 40 EUR, if you can get it for 10 (and you can) you'll get your money's worth just exploring the world for first few levels