Hi darkwind!
nice idea, the title sounds great. Usually the first beginners want to create an
MMORPG
I think, and I think the others think that too, that you should not begin programming with a 3D game. Look, I started programming 5 years ago, and since 1 year I use
Blender, to create 3D models/scenes. Just three days ago, I started to program a 3D Application. And that is not easy for me...
So, if this doesn't change your mind, you should really start to learn C++, because there are several very powerful Game Engines for this language. I use
Ogre3D, for which you can get an
Exporter for Models from
Blender. These are the most important Tools for your project. Of course you will need a Graphics Software to create Textures, Photoshop would be nice, but GIMP will do it, too. You'll also need the OgreXMLConverter, which you can find in the Command Line Tools from the
Ogre Tools Downloads.
Finally, you will need a C++ IDE, the program in which you program your program.

I use
MS Visual C++ 2008 Express, which is free is you register for free.
And then you'll have to start. Some of the team will create the Models, some the Textures, some will have to write the story and some will program. For Blender, there are lots of Tutorials, which are really good, and this is how I have learned to use it, too. For Ogre (with C++) there are also some Tutorials in the
Ogre Wiki. But for this, it is necessary to know about C++, and this will be the first step. Learn C++, so you could start
here (I don't know i this tutorial is good, but I found it with google. You can search for another one, if you don't like this...)
I hope this will help you. You should not think this will be easy, and this project will surely take a long, long time, until it seems to be good enough to show the world what you did. Maybe the first release will be in 1 or 2 years, and maybe you will see, that it was too hard to begin with a project like this. I think only 5-10% of those projects are successful, but you should know, that was part of a failed team, and now I am part of a succeeding team, too. But we are developing a (M)MORPG.
I would really like to see your result in some years...

Good luck.
opatut
P.S.: Blender has an integrated Game Engine, too. You can create Games Directly in Blender, but I don't like it. It is also in python, a script language. You should really try it with Ogre/C++.