I've been playing VG for about 3 months now, and it's honestly a very decent game. I'm sure anyone who has followed the game knows what a disaster the game was at launch, but it is well worth another shot at this point. Just keep in mind, it is primarily a PvE game.
I normally get around 60 fps on my 9600GT/2GB RAM/E2160 OC'd at 3.6GHz. There is still a bit of hitching, and load times when you cross "chunk" lines, but overall the performance is quite acceptable.
There are still quests that are bugged, that you will need to petition a GM to fix, but GM's are really on top of things in this game. In fact, its about the best GM staff I have ever dealt with in an MMO.
There are still a some annoyances with the game world, mobs stuck in rocks, some places where you can clip through the environment, and some spots that seem to dismount you for no reason.
And a few other quibbles here and there but nothing game breaking that I have seen. They even have a rudimentary UI modding community with a few decent mods to download.
VG is a really decent game. The classes/races are diverse and interesting. The dungeons are top notch. There are more quests than you will know what to do with. Plenty of different starting areas so re-rolling is always a new experience. I see no reason to hold on to any old impressions that one may have of the game, as they are now moot.
If you are looking for a good PvE focused MMO, you'll be doing yourself a disservice if you don't give VG a shot.
P.S. No, I don't work for SOE or anything like that. This is my honest opinion.