Untamed land fills many of the things you are looking for and so also will probably come in soon sense we are fairly new. If you want we would love for you to spot by and take a peek, or you can just look through the webpages done on it. I personally think that Untamed lands is and will be one of the greatest mu* ever P2P or free ! Enough side I think other then the general info for you to check it out : )

The two webpages that are good reading about the game are:

And a player made one at:

To connect with Telnet you can use:

Or use the IP and port of:
untamedlands.betterbox.net : 4321

Hope to see you there and fill free to bug sargon all you like if you see him on line : )
Sargon