For anyone who is an Ultima fan, you might want to check out Mortal Online by Starvault (based in Malmo Sweden). It's the closest 3d mmo in the same vein I have found so far (Full loot ffa pvp, guild wars, taxes, generally hardcore) I was very active in the alpha and first years of the game as part of one of the main guilds, which were quite rough due to bugs (and still so), but they have fixed many of their pipeline issues and have fixed tons of bugs and just released an expansion last week. There were no maps so I helped make the main map that everyone uses today for it: http://4.bp.blogspot.com/-Twm2yJ-ndrg/TymPaFeZbEI/AAAAAAAABh...
Ultima and Ultima Online are very different games, and the fans of each are different. I don't think an MMO can do what Ultima did, by its very nature.
No, but the game lends itself to it. =) But it's different from that, anyway. Ultima, I feel, is a game about you-the-player, whereas UO (and all MMOs, really) are games about you-the-collection-of-numbers.