I've played it for a good while and... pretty much, yeah. The bit that made it fun was the community I was in (Eve University at the time, fairly low stakes), weekly events with lots of banter, e.g. going out for fights - but you go into them knowing you'll probably lose your ship (and if not, it's probably faster to just self-destruct to get back to where you came from).

There was a period I did what's called incursions, high-level PvE content that has been min/maxed to optimize how fast you can make money. Other times I did exploration, especially after they rehashed it and added hacking minigames and the like, but the competition there was quite firm.

Last times I played it I was careless; I lost a Loki (a half a billion advanced ship) from going into low-sec to kill things, running out of ammo, going out, and making the mistake of coming back. And I lost a Stratios (another half a billion ship with equipment) by going into new content where you need to clear it before the time expires, but I couldn't because I was harassed by tiny enemies that my ship couldn't hit.

Maybe one day I'll come back to it, but I just don't have the spare time for it anymore.