I have an active EVE account, but I dont play very much due to time constraints. Basically, my toon sits in a space station learning new skills on the off chance that I have an afternoon to go kill things.
But, EVE online can be a very good game if you have the time to invest in it. Basically, you get out of it what you are willing to put into it. It doesnt take overly long to become useful in PVP situations and the game gives double skill points up to 1.6 million. If you focus those skill points on only combat and ship improvement skills, you can make yourself acceptable enough to participate in big PVP fights in a couple of months. Dont do what I did, which is to start out shooting things, switch over to mining and then long after the skill bonus was up, try to switch back to killing stuff. It just makes for a painful EVE life. Pick a path early on and follow it.
EVE University is still an active corporation and is great for teaching people how to play the game, how to PVP, fit your ship, the proper skills to get etc. Becomming really good takes a lot of real life time and effort on your part. The one good thing about the time sink is that you dont have to be online to improve your character, although the less time you spend online, the less cash you earn and cash makes the world go around in EVE. You need it to buy advanced skills, buying top tier gear for your ship and the ships themselves.
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I was told to change my Sig., so I did.