Video Games Frontier life MMORPG idea

I have had this idea for a frontier life game in my head for years. The idea came from Ultima Online's vast woods, and games like Frontierville. Neither of those games have good graphics. I would want this game to have the full 360 degree view, and graphics on par to World of Warcraft. The object of the game would be to gather supplies, and make your way into vast unclaimed territory. Yes, this is a little like Oregon Trail, but it would be an active world, full of real players. When reaching land that could be used, the player would have a contract to claim it. He/she then would have to clear forest and fields, and make a homestead. Other players could come in and interact with them, such as buying livestock or trading seed, food, etc. I think it would be a great game. There are far too many fantasy MMORPGs. What do you think?
 
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