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The game isn't about what you have, its about what you do with it.They have annouced cosmetics and skins that will be purchasable in the future, but nothing that sounds P2W or that dodgy. Because the game is skill based and full loot, you can just pay for gold to buy gear but you can easily lose it from players with much cheaper gear than you. Premium only makes you progress faster by giving a bonus to XP and silver gained. Monetization hasn't changed at all since the game became free to play.
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There is so much to do that if you cant do one thing, you either work toward it or do something else. Dungeons are also completely fine to do as a small group, and smaller scale PvP exists and works well if you learn how to do it.A final point about this question - just because you cant do certain activites (GvG) doesnt mean you're locked out of that part of the game, or missing out on much. There are lots of things you can do as a smaller alliance though, think of a small but strong bandit guild that goes around the world killing the richer guilds. For example, GvG can be done by any 5 man team, but keeping the territory requires a whole active guild that can turn up every day to defend it. Guilds aren't bad but you need to find the one that is right for you.Smaller guilds are still able to be competitive, but do not get the same access to content as the larger ones. Its best learning the game through a guild, most new players that don't join a guild get burnt out because they dont know what they're doing, and then likely leave. So, is the game playable at a small scale? Yes, but if you want to play solo or 1-5 players you will need knowledge to do so.
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This is a good question and people will answer differently based on their current situation in game.Playerbase is very healthy, Albion is the 4th most popular MMO on steam at the minute behind BDO. Yes, the recent content update called Oberon added new dungeons which has made the game so much better to play.
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