Tera, a new upcoming MMO sheduled for CB summer 2009.
 

Got this link of a guildie from my guild:
Our Anticipated MMOs in 2009 (Part 2) --01-23-2009
Looks pretty sweet. Those are nice graphics
the priest's healing/buffing magic was very shiny and circley~
the opened leg redish pink china dresses that the female casters were wearing was pretty and sexy :D

It looks hot.

Aion and Darkfall, those are top anticipated on most gamer forums I visit
and I've never heard of this one before, looks like you need a nice rig to run it though.

edit: any new and exciting features ? or is it just
the average mmo with some better looks.

I dunno. wish that the game had an official site
but in the video the priest is some sort of big fat fighting racoon :D
also don't know if its F2P or subscription

Judging from the looks of the game it will be P2P