TERA Online video boasts action combat
The team at Bluehole Studios (yes, they call themselves Bluehole) sent over their compilation video of TERA footage shot during closed-door demos at E3. In addition to being "the first true action-MMO" thanks to its what-you-see-is-what-you-get combat system (as opposed to dice rolls determining hits and misses) this may be the only MMO that features both slutty elves and adorable panda warriors.
Check the comments in about 15 minutes to see someone inevitably posting screenshots of another MMO that features slutty elves and panda warriors. Or slutty pandas.