Hiya, and welcome to PlaneShift and the forums :)
The current magic system is a lot weaker than that of melee or steel. It\'s a work in progress, and there needs to be a lot of adjusting and balancing for magic to be equal. But there are quite a few spells available, that do something rather than nothing - you\'re just bound to be more successful not using them... :p Pets currently only follow you around - no other function. Environment in-game: city of Hydlaa, section of the city of Ojaveda, Akkaio, and a wide area of hills and valleys in between. Not enormous, but not too small. And currently, mining and hunting (and questing, when quests work) is the only way of gaining money using game-mechanics (that is, not trading with players, doing team-run events, etc.).
Remember, pre-alpha tech demo ;D