I reckon guild wars are pretty fun to watch when there's a whole bunch of people. The most interesting I've watched was one between Millenion and Oblivion, where they had two bunches of people running around like mad. You'd see a bunch of one guild chasing one person, and then when that person gets owned, the guild goes and revenge... it's a funny cycle.
Participating is fun too. :3 Although I was never able to go on a killing spree since I was pretty low levelled, and hard to kill someone when I'm a low level cleric. @.@ I was only good at surviving and running, heh!
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