<<EDIT: I appologize. I thought I send you a PM but I missed you. I sent several to others who are interested. I just formed this guild so right now there is only one other officer and I think he will only visit about once/week. When I get back, I'll be on almost every evening (U.S. Central time) to get people in and officered.>>
If you can't wait to start PD play, I suggest The Sublime of Thelanis. Their rules are different and not necessarily rooted in PnP play but it is a wondeful guild where I got my PD start. Extreme Explorers of Sarlona is another option to consider. The point of difference is MV has stricter rules akin to classic AD&D play.
The rule set will work just fine. DDO is the only MMO I've played that even has cheap consumable magic for sale, much less unlimited availability of in-combat healing. Not to say that characters won't die. They certainly will. The rule set is designed for players who enjoy a difficult challenge.