Slow is an understatement, had fun the few times we played multiplayer, but while it has mobs and nice scenery, you do end up feeling like it's alot of traveling (which I think this update improved) to get to do something fun.
Personally I think gliders should be faster, and perhaps horses, dunno, just needs more travel options to keep you interested while roaming around, but I don't think that fits with the ethos of the developer, if you do get it though yell, we'll see if we can get a little group going as that is where it gets fun, solo I got bored quickly after a few hours of Ohhh and Ahhh's