I've been on/off playing it for the last year now.
The combat just works. It's the thing that keeps me coming back to it. It's also fun ransacking people's homes for Mini Medals. Exploring some of the fucking huge fucking castles is amusing, too. I spent at least half an our exploring the Argonian castle, and there aren't any monsters in there.
There are also good reasons to go back and explore earlier areas after you get the magic keys and more monster arena monsters spawning.
The objectives are a bit annoying, though. It's very: Go here. Get sent there. There requires some item. Walk a fucking long way to find the item. Do a quest for the owner of the item that involves a fight with a fucking huge monster.
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