Legend says that every 1000 years, the island of paradise appears, only the bravest adventurers can make it. This floating island is divided into two sides, the Kingdom of Moon and the Kingdom of Sun. Ruled by Eirene the Goddess of Peace and Morgalon the God of all that is evil, they have sworn to make peace with whoever comes to this island, but Morgalon did not keep his word of honour and made the previous heros into his slaves.
A group of college students went on a road trip. Suddenly a truck came heading for their bus, the bus driver turned the steering wheel and they went rolling down the cliff, crashing into the waves. When they woke up, they were on an island, floating in the sky...
Elves- A friendly race, they rule the west side of the island. They also are divided into warriors, healers and mages. They are ruled by a tribe leader and his/her family.
Dragons- They own the mountains, protecting the treasure of Eirene with their lives, there are also dark dragons with work with Morgalon. Most dragons are separated, but they can also live in a group or pairs.
Wendigo- vary across culture, but they are generally described as a large alien-like canine beast. They are malevolent and cannibalistic creatures. Wendigos are strongly associated with the winter, the north, and coldness. They are Morgalon's most power full weapons.
Lycanthropes- They are all around, so beware. They hunt at night, also will pass the elves village and grab a quick snack while there. Lycans also is divided, good and bad.
And the rest of the races you can do yourself.
The #1 rule is no godmodding, and that's probably it.
(note: this is not the full island.)