Take heart, Samantha and Aileen: you are not missing much. (I say Ai, since she's almost surely not going to have the hardware to run this thing)
I might be missing something, but I remember Megaten worlds being a lot more interesting than this. This game's atmosphere starts out as a standard Megaten game, and has the cutscenes for it, but once you get into the game, it's a bit too eeirly similar to Phantasy Star Online, which I didn't care for. Unfortunately, it doesn't play like PSO. It plays like Diablo, and due to the 3D interface - a clunky excuse where you want to use the mouse because it's better than the keyboard, but the control scheme is awful - that's a bad thing.
As an MMO, I can't judge it too badly because I typically don't like these point and click type games to begin with.
But as a Megaten game? I can't see this being worthwhile, and the gameplay - a beacon of past Persona games - is seriously compromised by the limits of the MMO engine.
In all, I don't see this being too good. Samantha and Aileen can breathe a sigh of relief. XD