I would really love this. Some of the races are barely present in the game world aside from as bandits in throwaway quests (i.e. Duskwights) and for most players the scrappy introductions during character creation are a world away by now. The Au Ra are (I hope) going to be covered more in the main story in future, but for now there are so many questions lingering about them with no in-game answers.

The only thing I'm conflicted on is whether I want to see it completely locked by race. The idea of having a unique mount or other special rewards is very appealing and increases the sense that the decisions made during character creation matter for aesthetics and roleplay, but there are several other races I'm curious about and I don't want to have to make a bunch of alts to learn more about their culture.

And what about people who Fantasia? If you're not careful, hardcore minion/mount collectors will end up feeling pressured to pay to collect all of the rewards (I guess the reward could be like the faction leader minion and change depending on your current race).

What I would like most of all would be a beast tribe style system where each type of each race has its own area you can build reputation with over the course of learning about them. And if you are that race, you can get access to a second tier of rewards (cooler, recoloured mount, unique clothing etc which adapt visually to your current race) as well as some unique dialogue.