Well, I am newbie... and here is my opinion, I hope you can use it somehow:
In the beginning, it is awesome. The idea is great... and there is a lot to learn and see. Fyrd's riddles, quests, new friends, minions and Mystery... all is nice.
There could be more quests which can be finished before Loreroot. (Maybe after the MD Summer Fest we could leave some.)
After a while (reading some forum topics) you have the feeling that there is no goal, and all is pointless. Unfortunately, it is _not_ the same as the "You're on your own now, good luck." text in Morrowind. You feel robbed.
Giving me the option to get free money is nice (with APs and so on), the MDShop is well constructed, I used PayPal several times.
The first real shock, a real BLOW came when I got capped at MP3. On day 12 I could enter MP4, but I wanted to wait and see... and I had to find out that I cannot train my minions anymore.
I think it would be nice if we could find some more information about heat cap and its effects early.
So... anyway, the real nightmare has started at day 12. I was trying everything to find a way to reduce personal heat, and warned all my friends immediately (one has left already, the other comes in for some hours, trying to find fun.) Naturally, as I was looking for a solution, I found new friends. Result: everyone is afraid of getting personal heat (Cyclicity, bah...). The best example was the HC, when only the capped played it, and the others were hiding or asking to attack them giving no heat. Interesting.
Everything else is alright... I wish I found this game before, when there were more players around.