Hiya, Welcome to PS.
PlaneShift has existed since 1994, but has only begun 3D development since \'01. The current version of the game is 0.020.10, which is a Pre-Alpha Technical Demonstration.
This project is being developed by volunteers across the globe. Because the PlaneShift Team is not a company, they arn\'t paid, thus they have no budget to uphold by charging players cash for their game. This is also an open-source game to which anybody can contribute.
PS is fun, if you don\'t expect much. The community here is wonderful, something you won\'t find in any other MMORPG. Currently, the only activities ingame are the Crystal Hunt (pick up randomly spawning crystals, which are money atm, to buy decorative weapons), two quests (talk to NPCs, no reward), and bughunting. You can talk to other players and explore the world also.
The next version, codenamed Crystal Blue, will include basic fighting, trade, progression and crafting systems. There will be monsters and the ability to spar with other players. You can expect to see this version within the next month or so, but the official word is that no warning will be given prior to the release, and no specific release date will be given. The developers don\'t want to let people down again by promising a date (it was December of last year, but has been muchly delayed) and then failing to meet it.
Hope this answers your questions

Have fun.