The Good Stuff
Best community ever, better than the old EQ and ULtima Online communities. Pretty much the MOST lively economy in any game. Corporations are fun to rule and be a part of. Espionage and heists are rampant. So fucking easy to bankrupt corps if you have access to titties. Huge battles can take place (1000+ ships) that can go on for hours.
The bad stuff
Fucking slow as a glacier to start off with unless you got friend in a corp. Steep learning curve in terms of ship micro and avatar micro. Going solo gets really boring really quickly.