(dusting off an older idea)
There used to be this thing called 'Basic D&D'. You may have heard of it? Well, someone's gone back and retooled it slightly, adding just enough from WotC's 3.5e to help playability without losing that ol' kitchen-table feel.www.basicfantasy.org
Anyone up for a little light hack-n-slash?
I don't have any specific setting in mind for this yet, but folks can expect 'Order of the Stick' style gamespeak, Crushed the Doomed Kitty cheesecake factor, and a few other running gags. Whether I go for the full 'Final Fantasy/DragonQuest' feel depends on whether people can stand 'cute' monster names and Yggdrasil Leaves.
BF also has an online character generator. Look under Tools...