Hey Nahanam,
I snagged it for $16 once I found out there isn't a subscription. That alone to me makes a game like this worth the entry fee. So I put in a few hours, I enjoy the weapon/class freedom this game offers. It really allows you try to whatever the heck you want till you find your groove. Respeccing is affordable and available from the get go. The quests remind me of LotRO more than WoW or EQ but they are fun and the variety is noticable. I'm on a 'very quiet' server as far as the global chat goes but I still see the global and recruitment channels popping. The free winter they just did was easy and fun which as me excited for the other free options going forward.
I will say, however, the expansion just released, I picked it up at $30 just to support further development (amusing saying that for an Amazon game). The real entry fee for this game appears to be about $45 right now, if you like MMOs and casual harvesting of tree/rocks etc for hours n' hours n' hours (if you're so inclined) then I would say YES, pick it up on sale @$16 usd.