Dude, what other MMORPG's have you played? Or is this your only one?
I don't know about WOW or EQ or any of the other ones
but I've played Diablo 2, Star wars galaxies and FFXI.
and none of those games had a crappy teleportation system and you had to pretty much walk alot.
if traveling is such a big issue, then this has got to be your first mmo.
You want to keep something that really shouldn't be in this type of game in the first place.
Which is why it messes it up so much