It's a pretty beautiful game so far, thanks to Unreal Engine 4 visuals and lighting. Hopefully the gameplay will also be fun in PvE and PvP (so far it looks promising on that field).
Yea a lot of people have been waiting for those two titles for more than 7 years. I hope they both deliver or it's going to be a huge disappointment for the fans.
I've made a list with all the most popular MMORPGs being developed by indie studios. The budget for those games vary between a few millions to $350M (yea MMORPGs cost a lot of money to make). Some of them are spiritual successors of successful 2nd generation MMORPGs, others are original...