Loved Champions of Norath as well and there is NOTHING on the PS3 that truly emulates it. Sacred 2 is one of the worst games ever. Choppy movement and horrible graphics and some of the worst voice acting ever! Avoid it.
Lord of the Rings: War in the North is very similar to Champions of Norrath.
Sacred 2 is one of the worst games ever? Horrible graphics? Choppy? I dont know what game you're talking about, but it isnt S2.
S2s online play is all but dead unless you have friends playing the game.