It's true that 1.0 was "lacking", but I still believe way back then, if given more time to polish, today might have a different path on how original version goes.
A large part of the problem was the world was made unnecessairly massive by pure copy and paste, and for how huge the areas were, there was basically nothing in them. The game launched with almost no content whatsoever. And the combat system changed wholesale like 3 times from first alpha (I was among the very first few to enter the world in the first alpha test)to the initial launch. If the game had been given like another year (at least) it probably could have turned out better.

They also teased us a lot by populating huge swaths of the map with enemies dozens of levels above the level cap, and to earn the achievements for revealing the map you actually had to visit teleport locations surrounded by level 90+ mobs at level 50.