It depends on what you expect; I'm still having a lot of fun about one year later. The game itself has a lot of depth and variety to discuss tactics, builds and strategy. It became more fun for me when I found friends in-game who like to talk about and try different ships and weapons. I also happen to be an Asian player with months of competitive experience, and can assure that 200-400ms ping is definitely playable.
All in all, it's a teamwork and strategy game - everyone is in charge of something (i.e. repairing, shooting, and oftentimes both). Not everyone will enjoy that type of gameplay, but it's definitely worth a shot if you do.