Incorrect.
It's been around at least long enough for at least one of the original PnP players to have ascended to god-hood.
Not telling which though. :p
Oh, fine, fine, but I was meaning more in the scale of time that we currently go by - i.e. 14.5 months to 18 years.
Then again, after some quick math, yes. It has been around that long.
Though not long enough for an elf born at the start of everything to have died of old age.