I will be happy to take anyone's drinking cape code!
[quote name='Shion']I am very interested in this game, the mature themes and detailed combat seem great.
Who doesn't like boobs and a challenge all mixed in one bag?
I'm a Guild Wars player but I've had my share of old school MMOs like EQ, can anyone tell me about the PvP?[/quote]
Sure, I'll try to explain.
It depends on if you are talking about a PvP server or PvE. On a PvE server, pvp only happens in mini-games such as ctf type matches you can queue up for via an interface in your GUI. There are also border kingdoms, which is an entire zone where anything goes. But probably the most exciting aspect of PvP is the ability for guilds to build their own cities, which takes time and lots of profession/gathering effort by guild members. Then guilds can have their city/keeps attacked by other guilds in huge siege warfare battles. Very little of this has actually been seen though, because the game is 2 days old.
On a PvP server, all of the above remains true. But additionally FFA PvP is allowed anywhere but cities. You are allowed to attack anyone not in your group, even guild mates.
What do you lose upon death?
If killed by an npc, you get a debuff that can stack 3 times. These can be mitigated through finding your tombstone (place where you died) though.
In PvP death, however, you lose PvP experience. See below.
What do you gain from PKing someone?
There is a separate PvP experience meter that can go up to 10 levels. Apparently in the border kingdoms there will be items and stuff you can buy depending on how high your pvp level is.
It should be noted, that last I heard you lose a lot more PvP experience from death than you gain from one kill. This means you have to maintain a higher kill to death ratio to gain PvP levels.
I am not really sure what you mean by downtimes.
What measures are in place to prevent unfair confrontations? etc...
Currently there doesn't seem to be any. Funcom said there would be invulnerability timers when you rez at a rez point and zone, but they aren't in or working yet. So there is some rez camping going on.