Guild Wars is a great game if you want a light RPG with some rather nice graphics. It's coined more of a CORPG (Cooperative Online Role Playing Game since all the areas are instanced for your group instead of sharing it with the hundreds on the same server - it's in part to cut back on the costs of massive servers but I also much prefer it that way). There is a bit of grinding if you want to be a good PvP player but they also allow you to pay for complete unlocks for the various chapters if your time is more valuable to you. They've also added a lot for the PvE players who love grinding. I think I have some trial keys laying around if you want to try it out. From what I've heard people say, it's kind of a cross between Diablo & an RPG. I've never played Diablo but there is a bit of a hack'n'slash element to the game. An expansion is about to be released and it's the first one where you actually need to own a previous chapter. After that, I think Guild Wars 2 is being released in a year or two so you might want to wait for that if you can kill time on a free MMORPG.
Personally, I've tried a number of free RPGs and I've never really come across one that was worthwhile enough to play. Most tend to have the most boring "Kill 100 Montsters" quests where you're fighting with 20 other people over the same 10 montser spawns for 6 hrs. And once you're done with that, you get to do it again.
To cash in my CC rewards points for $300 in Circuit City gift cards to purchase a 360 or not: That is the question.
