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While there may be reason to believe the economy is set to improve in the near future, at the moment the United States is facing something of a downturn (the blogger writes delicately). As a result, everyone's looking to their own personal bottom line. Things that you'd let slide a year ago might not be so easy to write off today. As a result, it sounds like a lot of people in the MMO gaming community are re-examining their hobby to see where pennies might be pinched.

This blogger, for example, has had to made some hard decisions about where he's going to put his play time and his pay time. The ongoing awesomeness of Middle-earth won out over new fun in Azeroth for the time being. I'm sure I'm not the only one that's let an account lapse, though. Have you put an MMO subscription out to pasture while things blow over? If you have, how did you make your decision? And, if you're not playing a subscription game anymore, have you started in with a free-to-play alternative or just turned to other ways of gaming?

The sci-fi game EVE Online is set apart from many other massively multiplayer online games by its economy. While there are currently problems with the game's market due to a serious exploit, the economy isn't getting reset anytime soon. The currency of EVE's virtual economy is the Inter Stellar Kredit (ISK). As in the real world, money can be power in EVE's 'New Eden' galaxy. Most online games built around a virtual economy will ultimately need to deal with the real money trading (RMT) issue -- either make it a bannable offense or support and regulate it in some way. CCP Games figured if RMT is happening whether they want it to or not, they may as well have some way to regulate it.

EVE Online has a few legitimate ways to bring real world money into the game. Game Time Cards (EVE Time Codes) can be converted to ISK without risk of getting your teeth banhammered in by CCP Games. They offer a secure way to sell game time to players where neither party can be scammed, and more recently a way to turn game time into an item (PLEX) that can be sold on the open market in-game. When a player buys that item, he or she extends their account subscription. The upside for some players is that they can actually pay their subscription fees in the ISK they've earned in-game, for others it enables them to buy a faction battleship or a number of other virtual items.

But... some people just go too far with all this, and buy ISK in huge amounts. Even worse is doing so outside of the EULA-safe methods. This was the case with an EVE player in Denmark, who paid 100,000 Danish Krones (the rough equivalent of 13,500 Euros or USD 19,000) for currency from a shady ISK seller outside of the secure system, and was ultimately left with empty pockets, even after the case ended up in court.

Throughout the recent American presidential campaign for Barack Obama, online gaming played a fairly important role. Not only did Obama use in-game advertising, but some of his appointed staff are vocal World of Warcraft players. The politicians of Israel have taken note of the effectiveness and popularity of Obama's campaign strategies, and are implementing a bit of online gaming into their own upcoming national elections.

Israel's ruling Kadima party will soon release an online game that chides former Prime Minister Benjamin Netanyahu. it doesn't seem to be an MMO-type game, but more of a flash-based online game, we're guessing. Yet with the popularity of political campaigns in Second Life and more politicians coming out as dedicated WoW players, will the day ever come where these debates get more heated? Can you imagine watching the future president battling his opponent in the Battlegrounds?

It's Christmas Day, and that means most of the Massively bloggers are probably hunkered down around their in-game trees. We're counting the pieces of loot that virtual Santa left us this morning, and by now we're probably engaged in a good old-fashioned game of "who got the best stat bonuses?" It's tradition, after all. We hope that all of you reading the site are having really great holidays, be they spent in-game or not.

From everyone at Massively, whatever the holiday you celebrate this time of year (or not), have a happy one. We'll camp the spawn till you all get back tomorrow.

Three Rings, the developer of the Flash-based casual MMO Whirled, has just announced the winners in their new "Design your Whirled" art contest. In conjunction with deviantART, the largest online social network for artists, this contest challenged members to create the best individual or multiple rooms for the game. Because of the success of this first contest, Three Rings has already announced that they're accepting entries for the second contest of the same name.

The top winner was awarded a new 15-inch Macbook Pro and one year subscription to deviantART, while the second and third place winners were awarded Wacom tablets and other deviantART subscriptions. You can view the winning entries by visiting the main Whirled site, and register your own entry for the next contest at the Whirled wiki.

The global financial crisis is hitting many companies and individuals very hard. This is especially prevalent in Iceland, home of CCP Games -- the developers of the sci-fi massively multiplayer online game EVE Online. The collapse of Iceland's banking system and currency has been devastating to the nation. "Icelanders are reeling from the shock of having everything they knew virtually disappear overnight," Valur Gunnarsson reports from Reykjavik for The Guardian.

Despite these economic woes, Hilmar V. Pétursson, the CEO of CCP Games, gave assurances all is well with the company back in October. He's stated that CCP is "well isolated" from the banking crisis, that their holdings and assets were diversified enough (due to partner relationships in different parts of the world) to stave off the ruin that many other Icelandic companies are facing. But there's a potential downside to that diversification: restrictions on access to foreign currencies have gone into effect in Iceland. Specifically -- as it relates to CCP Games -- on foreign investment coming into the country. Are these restrictions enough of a hassle that CCP Games would ever need to leave Iceland?

Vanguard wants you to come home for the holidays and spend an evening next to your fireplace in Telon. In conjunction with their holiday events, former subscribers that were inactive for longer than 45 days have had their accounts reactivated until January 31st, 2009. You don't have to do anything to pick up the free game time, all you need to do is run Vanguard and play. Even if you don't have your disks, you can still download the trial client and it will patch you up to the full client when you run it.

The free game time will let you check out the new features to the game, like the addition of fishing, a new ship, a new raid, new enhancement slots, the Festival of Gloriann and all the decorations that come with it. So fly back to Telon with Randolph the Flying Reindeer and fight off some evil snowmen. It's free!

A popular event in EVE Online is returning this winter: the Alliance PvP Tournament, which kicks off late January, continuing through to final rounds in February. The final rounds of the Alliance PvP Tournament will be broadcast live, which is the basis for the latest announcement from CCP Games. EVE Online dev CCP Fallout has stated there will be free advertising slots for players to use during the live broadcast of the tournament finals. As CCP Fallout says, "Simply put: this is the biggest ad space available for EVE players and yet it will cost you absolutely nothing to submit an advertisement."

We cringe at the thought of some of the video footage that could make it into the live broadcast (while looking forward to it as well), but CCP Games has laid out some general and technical guidelines that should keep the live broadcast relatively clean. Also, they've opened up the use of some of their intellectual property for players to use in producing their adverts -- namely the EVE Online music and sound effects. (Although it must be noted that you actually have to use their music and sound effects, due to copyright issues that would inevitably result from widespread Rick-rolling.)

The news coming out of the Tabula Rasa camp this evening just keeps getting better! First we hear about the new content being released with Deployment 15, then the upcoming PAU and Mech units being released in Deployment 16, and now we get word that the game will be going free-to-play a full month earlier than originally planned.

As of right now, Tabula Rasa is completely free to current players, former players and brand new players. Head on over to the PlayNC store to create or reactivate an account and enjoy the final months of the game at no cost. Check out the official announcement for more details on creating or reactivating an account, and check out the game before it's too late!

Do you play Last Chaos, Shaiya, Dream of Mirror Online, or any one of the other Aeria Online games? Check your e-mails and spam filters for a nice stocking stuffer of Aeria Points, as the company is sending over five million dollars worth to their player community.

Any member of the Aeria Games community is eligible to recieve one of these e-mails, and Aeria will be sending them out from now all the way to Christmas, so keep checking as you might not know when one of these may fly into your inbox. The number of points that each person will get can vary, and so far a limit has not been mentioned on how much you may receive.

Good luck for those of you who are members of the Aeria community! We hope you get showered with points! Plus, if you find yourself rich, your favorite news site might like a few points too.

[via Allakhazam]

As we mentioned last week, the highly-anticipated Runes of Magic fantasy MMO from Frogster Interactive has just entered open beta on December 15th. Normally the news of a small free-to-play MMO would be mentioned, and then subsequently forgotten as the larger, big-budget games continue to hog the attention. Yet Runes of Magic has an announcement that they're quite proud of: 100,000 characters created in the first 24 hours of the open beta.

Not only that, but out of the total 220,000 registrations to date, 20,000 accounts were created on Monday alone with more than 2 million quests completed. Just to be clear, this is not 100k accounts created on the first day. It's 100k characters created by 20k accounts. Still, it's great news for Frogster Interactive and we expect those accounts to rise throughout beta and into launch, which is scheduled for release in Q1 of 2009. For the complete press release and more information on the game's features, continue reading after the cut below.

In a year when everyone is looking to their bank balance, it's just common sense to seek out ways to maximize the fun of Christmas giving while minimizing the economic impact. Online gaming in particular is a great way to offer an 'in' to fun without a lot of expensive electronics or batteries required. Most folks probably already have everything they need to participate (a PC and an internet connection), and unlike other gifts that claim to 'keep on giving' online gaming really does. Introducing someone to a new MMO can – literally – change their lives. New friends, new adventures ... MMOs have a lot to offer as gifts.

Massively aims to help with your holiday woes, and so today we have on offer a series of gift ideas that won't break the piggy bank. Ranging from the low, low cost of free to the cost of a few DVDs, this year more than ever it's incredibly easy to get into the online space. Just follow us into our gallery guide and forget worrying about what's under the Christmas tree.

The decision to deploy the new SOE Station Cash service in EverQuest and EverQuest II was as unexpected as any of the eyebrow-raising announcements this week. That it was the first microtransaction-related news to drop, and arrived into two long-running games, made it especially dramatic. Player reaction has been fierce on both sides of the discussion, and as we so often try to do we sought out some background on where this decision came from.

We sat down earlier this week with SOE's CEO John Smedley for a talk about the whys and wherefors of the Station Cash service. More than just a novelty incorporated into their flagship games, Station Cash is an important new service vital to the future of Sony Online Entertainment. Whether as backing for their upcoming free-to-play title Free Realms or as a venue for 'extras' in other in-development titles, microtransactions are here to stay in the SOE empire.

Whether you've already read our Station Cash FAQ or not, you're sure to have lots of questions. So join us as we speak to Mr. Smedley about why the rollout was so fast, what they intend to use Station Cash for in the future, some of the services they intend to provide, and a few hints at why you might be ordering a Station Cash product for a friend next Christmas season. Read on.

So, to make sure we understand, in games like EQ where all the microtransactions are value-added content, it will never effect gameplay. In other games where you design this in from the ground up with the understanding this will be a part of gameplay, it's not a big deal.

John: Exactly. The most controversial part of what we did, I think, is put it into an existing game. I knew that would be controversial, but I do believe there isn't as big an outcry as you might see on some websites. I think the world is changing, and I think more and more these kinds of options are going to appeal to players.

I also believe firmly that this will eventually get rid of farming and those things. Or at least it will drastically decrease it. Here's a good example why: Instead of paying some power leveler, buying an experience potion lets you do it yourself a lot faster. Where's the harm in that? That's our thought on it.

Today marks yet another "Day with the Devs" for Fallen Earth, where players have an opportunity to interact with the upcoming post-apocalytic MMO's creators. The first one of these was last month during a Stractics House of Commons chat, but today's will double the effort. At 9pm EST tonight, you can head over to the Stratics HoC chat to talk with the devs about Crafting and PvP. All questions will need to be submitted on the Fallen Earth forums ahead of time.

Plus, at 4pm EST this afternoon, all registered Alpha participants will have the chance to fight alongside the devs for control of New Gallows, one of the conflict towns in Sector Two. Not in the Alpha testing program? No problem! The team is currently accepting clans, while individuals will soon be able to sign up through forum membership. You can check out the main website for the individual Alpha sign-up info coming soon. If you're not in Alpha now, you certainly won't make it for this afternoon's event, but the Fallen Earth folks promise to have these "Day with the Devs" on the second Thursday of each month. Check out this post by Community Director Tiggs for more information on today's happenings.