Three man team Dreams Made Realityaction RPG MMO Project Infinity, a free-to-play fantasy title with "anime inspired characters".
Infinity is in the very earliest stages of development right now, but the team is refreshingly honest; "This game isn’t intended to be excessively innovative," they write, "but the plan is to deliver unmatched user support & experience and just listen to the players and build a game they can enjoy for years to come."
You'll get an action combat system that mixes Tera-style soft-targeting combat and "free action" hack and slash, and 16 playable classes that can be switched between at will. All that other MMO stuff we expect - PVP, crafting, guilds and so on - is all present, and while there will be microtransactions they're apparently reserved for cosmetic unlocks.
Check out more on Dreams Made Reality's website. Project Infinity is currently in "Prototype 2" stage, with no full release date yet planned.