Sorry, I'd thought I'd already replied to your post, Nameless.
It would be a basic fantasy setting, you know, elves, demons, orcs and the lot.
The playable races would be humans, elves, dwarves, halflings and ephilim.
The leveling system would be fairly straightforward and there would be no predetermined class but you'd have a set amount of points you could spend on your character creation to choose some basic equipment and from there onwards you could choose your stat bonuses at level up. Leveling would be kept to basics, with all races leveling at the same rate, except for Ephilim, who start off more powerful, but are slower to level.
I will be using a dice system, for this to determine damage and and success of some situations.
If people really wanted to have their own unique races, I'm sure I could even work that in providing they given me a quick outline of their traits, strengths, weaknesses and I could work stats out suitably.