I see a lot of people on here complaining about how hard it is to get items of all types. This game has been out for less than a week. MMOs are grindy in nature (it takes time to get the best gear).
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I, like you, originally thought this was an MMO. It isn't for a simple reason, each planet is it's own instance, two players can be in the same spot at the same time and not see each other. So like Diablo this is just an RPG, well, an FPSRPG, not an MMO