Kinda is what people are reduced to for fun. There is no content so you go around killing regular mobs that drop no items as a means of fun.
I guess it depends on what you're calling "content" to and what does "fun" means for you.
Right now there are combat/crafting/gathering guildleves, sidequests, main scenario quests, various classes to raise (on the same character if you're pleased to), free roaming Notorious Monsters, faction leves related Notorious Monsters, free roaming high rank monsters (like the one showed on the video), etc.
This is content for me AND it keeps me entertained, so I guess I'm having fun.
Where does that "There is no content" come from, on the basis of a video of a party fighting a free roaming monster, is beyond me. Edited, Jun 26th 2011 3:37pm by Pigaz