It's made by the same team which made Lineage II which makes me interested in it. It's pretty easy to tell as they are using the same voice effects as placeholders. (I imagine they are placeholders)
I saw this trailer a few months ago and it looks like it is pretty fun; at the very least, unreal engine 3 looks great. However, trailers are very deceiving and I choose not to go by them at all anymore.
Never the less, I hope NCsoft will release another great MMO, they have many.