LoL. I actually looked "Atomic element 46" in google before I realized what game you were talking about.
I never played Rifts, but I had a group of friends in the 90s I played Palladium Fantasy with. There is stuff in that game I do not fully understand to this day. I think it goes without saying… I have not GMed this system. LOL.
Heh.. yeah, the whole "atomic element 46" thing became a bit of a joke amongst me and my friends, especially in regards to that companies draconian policies with anything mentioning it. Regardless it is system that really shows it's age.. and not so much like a fine wine or scotch, but that old one-eyed three-legged squirrel you see around the neighbourhood. But, I have fond memories of the world. Not the system.
But, this is what I love about the system. It has a cinematic feel that could be used for so much. The Beta itself could be used to run a Firefly campaign, a Modern setting game, fantasy, or… a Superhero game (nudge nudge FFG)
I have to say that I was working on my own system - what RPG player doesn't? - but it fell by the wayside when I heard about this, and started reading about it. It has all the things I want. Story driven focus, easy mechanics, and the ability to do something useful, even if you fail (which for someone like me who seems to only roll between 1 and 7 on a d20, is a huge thing). I find I want to convert other systems and settings to this. I want to go back to creating my own setting using this system.
You're going to find that many of the truths we cling to depend greatly on our own point of EU.