As you probably already know, the action is set in era thousand years before Skyrim, there will be three main factions, races, classes, a bunch of tasks, progress, various equipment, PvP, and a hundred other interesting things.
Since the beta version is already ongoing for a couple of months, the announcement of the spring as a time of release does not sound unrealistic, but as with all MMOs, it will not be surprising if the developers decide to delay it a bit longer.
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