This game is set in the "Palladium world" 10,000 years after a great war between the elves and dwarves.

Some critics noted that this game, created only a few years after Advanced Dungeons & Dragons, has many similarities.

Players then can choose from character classes that are roughly analogous to those in AD&D: Warrior, wizard, cleric, thief, etc.

In 1996, Palladium introduced an expanded second edition retitled Palladium Fantasy Role-Playing Game, a 336-page book created by Siembieda, with cover art by Martin McKenna and interior art by McKenna, Siembieda, Flint Henry, Scott Johnson, Michael Kucharski, Vince Martin, and Randall K.

[3] In the May 1984 edition of Dragon (Issue 85), Ken Rolston thought this RPG compared very favorably to the industry giant, AD&D.

The character classes ... aren't dramatically different from AD&D, nor are basic concepts such as alignment, experience points and saving throws."

However, Swan found some of the game elements such as the magic system, religion, and fairy lore "informative and fun to read.

"[1] In Issue 127 of Dragon, Ken Rolston reviewed the regional adventure guide Adventures on the High Seas, published in 1987, and found much to his liking: "The Palladium fantasy campaign world is full of magic and monsters, just like FRP campaigns should be, and this pack contains a little bit of everything, from orcs and lost temples to pirates and crazed cult assassins... What it lacks in organization and sophistication it more than makes up for in enthusiasm and imagination.

[8] Butcher comments that [8] Later that year, in a reader poll conducted by Arcane to determine the 50 most popular roleplaying games of all time, The Palladium Fantasy RPG was ranked 26th.

Editor Paul Pettengale commented: "Well, the rules are almost identical to those in Palladium's Rifts roleplaying system, and as such it's well suited to existing players of that game, who will have little to learn.

The rules lie somewhere between AD&D and Rolemaster in complexity, and combine character classes with a simple skills system.