Yes and yes.
Just exited. You instance gettig in your ship,you instance when going to places, you're basically sailing around on a map of sorts, then click on an island to enter it when you see it. You instance into houses, you instance to go inside and out your ship.
The combat is hilarious, graphics are 90's, feels dated empty and uninspiring.
I can't even return it because it's an online game heh (i don't think). Saying that though, i think Tabula Rasa would've been instant gratificatyion, but again, it's a solo game, no social interaction or depth, but it probably looks better.
By the way, the water graphics aint that impressive