Hello,
Please stay with me, this isn't meant to be a negative post... my question is:
when do you think Elemental will be "finished" and worth playing?
It seems clear that the release version 1.0 is not going to live up to expectations. Sure, it might be good, but it is clearly going to be a better, more rounded, balanced, interesting, deep game 6 months after release. I'm sure I read somewhat that the tactical combat system will be heavily overhauled in the first major patch, around 120 days after release (?). Similarly, with all the mod tools, I imagine the magic system and quests will become much more varied over time.
So, given i have very little free time (I'm still to start Fable2, Fallout3, only scratched the surface of FallfromHeaven2, etc etc etc) its clearly not worth playing Elemental in August. I'd be better off buying Starcraft2, or finishing a game I already own. 
Also, if the game is going to be heavily dependant on user created content, will there be ways in which I can get the good, interesting, balanced quests, and avoid the crappy ones. Is somebody at startdock going to be collecting the good user created content and bundling some of it into the "definitive version"
I guess part of the reason for my mindset is that I bought CivIV on release, and played the hell out of it. I've gone back to it several times over the years, and the current Beyond The Sword patch gives a hugely better than than vanilla CivIV 1.0. But, guess which version of the CivIV I played the most... the early unbalanced ones.
Conversely, with GalCiv2, I was late to the party. Very late. I bought the game + expansions a couple of years back, and thought it was great. But, I'm glad I didn't "waste" much time playing the vanilla game, as the expansions added a lot and as the game was mature, it was pretty balanced.
I expect that the game will improve rapidly during the first 6 months... (balance patches, more content, etc) then things will level off as focus is switched to the expansion. Sound about right?