Actually, I'm rather looking forward to it. Always been a fan of Conan (movies AND books), but blissfully this is based off the books. I'm sure that won't stop people from naming their characters Arnold_The_Governator, though
It does look promising. MMO's have been stagnant ever since Everquest it seems (yes, I know people LOVE WoW but really it doesn't bring anything new to the table outside of being relatively easy/forgiving). The character creation in this looks very solid, however, and I'm reading that it's more action-based. I'm also seeing a lot of info about building cities, taking jobs, and owing allegiances to your city to defend it, which is very cool.
Plus, the chicks will be busty. Gotta love the boxom babes!