TorchLite is an awesome fantasy RPG for both players and GMs. 
Players have multiple options for character creation, including custom built equipment and abilities, but the real strength comes from the narrative options for players. You can literally describe any action you want and the system will give you a way to dice it out. 
GMs have just as much freedom to create challenging and entertaining situations. Running TorchLite is a breeze, as all opposition is handled by a roll of the GM's dice. When opposing a player action, the GM uses their own dice pool, so there's no delay in the story figuring out target numbers. And there is a truly massive bestiary in the GM section, enough for a hundred campaigns.
It may sound cliche, but TorchLite is created by gamers for gamers. These folks have decades of collected experience on both sides of the gaming table. They love creating stories with other gamers, and have created a system built to do just that.