Hi ya Guybrush, it certainly looks intriguing.
Do you need to have Guild Wars 1 installed to get Guild Wars 2 to play?
No, but Guild Wars 1 players can get special items in Guild Wars 2, they're strictly cosmetic, wont give me an advantage over someone who has never played GW1. And apparently Guild Wars 1 character names will be reserved for Guild War 2, so somebody else can't take my GW1 character names to use in GW2.