The above post is somewhat uninformed. There IS a talent system using Stigma and stigma stones, which become available after level 20 (the first beta only allowed people to play up to 20 and the second beta only allowed people to play up to level 10).
In response to the translation, I too was disappointed, but the NCWest representatives assure us that we're only getting a preview of v1.0 and that they will hopefully be releasing the game with the v1.1 or v1.2 patch when the servers go live (Korea is soon to get the v1.3 patch with adds a few more dungeons etc). I won't judge the translations until I see the final product.
Gameplay is fairly repetitive for some classes (Ranger is particularly bad from level 11–19). However the levelling is fairly quick so it's no big deal. It took me 4–5 hours to get from 1–10 and about 15–20 hours to get to level 20.
I think there's more than enough variety in armour for the lower levels. It's just that the sets of gear that drop off mobs are fairly infrequent and there's a very small chance you'll get a full set of gear to use for a decent amount of time before you've outlevelled it anyway.
One thing that annoys me is the private shops. I think they're somewhat redundant as there is also an auction house in the game. They do nothing but clutter towns imo.
It also remains to be seen what NCWest will do about botting, given their terrible track record with Lineage 2.
All in all, I think this game certainly has potential. I wouldn't call it a WoW killer. But personally, I'm liking it more than WoW and certainly a lot more than Warhammer Online.