Tibia3 is an upcoming fantasy anime MMO published by Nexon and developed by eyed entity games. The latest information puts the release of Tibia3 at late 2011.
Tibia3 developers highlight the dynamic combat system with a player able to utilize more and more powerful attacks through "chaining". PvP matches will be set in battle arenas rather than in an open world setting. Players will be able to engage in Guild vs Guild, 1v1 and something akin to tower defense with parties of players protecting their keep from hordes of dragons.
Tibia3 will be free to play with an item mall. Classes include Warrior, Archer, Cleric, and Sorceress.