Quick new announcement...

Frogster announced at E3 that they are planning to release Chapter 2 of the saga with the elven lands. You'll be able to play the new Elven race and they are also introducing two new classes, but they haven't been announced yet.

Here is a video of the announcement

New features will also include pets that you can summon to help you in your fights, along with a level cap raised to 55 (although they are preemptively raising the cap to 52 in August), with a host of new monsters and new instances. They are also plan a revamp of the graphics and sound for the whole game, which could be a nice added bonus (especially for the much needed sound track that is still somewhat lacking).

For all this you will have to wait until September 2009...

Got to the official ROM page for the announcement.