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No it's not. It's better for a certain type of new player, ie those not willing or able to spend money. For those able and willing to spend money, it is not better. I am one of the latter. I won't even play MUDs/MMOs for very long if I can't buy my way out of at least some of the required time investment without breaking the EULA or TOS.
You're also making the assumption that these types of games are inherently competitive for all players. They're not. I know if all I'm interested in is leveling, I don't have to care at all what pace other players are advancing at (especially as I tend to solo, due to time restrictions). What do I care if they have bought their equipment with money and I bought mine with time, or vice-versa? It's the same thing from my point of view. Either way they have the thing and either way it's completely irrelevant to my playing experience.
--matt
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