This game doesn't look bad or anything, for the most part it looks pretty good. But I think that's mainly down to having nice art and texture work. But there is no way this game is doing anything that special technically, and considering that the game doesn't even run that great the engine is a bit of a joke really.

The shadows are only on players, and just go off in a random direction they aren't based of the light source position as far as I can tell.
The texture draw distance is really low and is not a gradual thing at all, it just goes from high quality to low quality and is really distracting to look at.
The game can only cope with maps that are made up of copy and paste-able chunks? I don't even understand this one.
The only way to get textures to load in properly is to use a SSD, and in general the loading screens seem to take quite some time.
There is so much input lag because your waiting for the server to said you confirmation messages...
The list just goes on and on.

But there are some good things, I think all the models look great and the animations for the characters actually seem better than most other mmorpgs out there at the moment.

But I don't understand why people are defending this engine, its clearly awful (for the pc at least) and the developers have even recognized this and are remaking all of it. And personally I am very much looking forward to it .