So has anyone else been checking this out? They launched their Kickstarter yesterday morning and raised half the $800K by the afternoon!
Despite having a terrible name, they have definitely got some interesting ideas about evolving MMO gameplay and procedural content generation. They will be using the same voxel technology as the new Everquest game, and they have Raph Koster of Star Wars: Galaxies fame on the creative team.
Players will have persistent characters which grow stronger over time, and a permanent homeworld, but the actual campaign worlds will decay over time and eventually vanish, replaced by new worlds, which are procedurally generated.