Magic: Legends Announced

Perfect World and Cryptic announce Magic: Legends, an action MMORPG based on Magic: The Gathering. The Magic: Legends Website says this is "coming soon," and offers signups for those interested in beta testing. Here's a Cinematic Teaser Trailer, and here's word:
A thrilling MMO Action RPG set across the iconic planes of Magic: The Gathering! In Magic: Legends, become immersed in the acclaimed fictional Magic multiverse as a powerful, spell-wielding Planeswalker.