Yes. You can create a 3D game like Minecraft in Java using Eclipse as your source code editor, but that's not all you'll need...
An MMORPG will require a lot of work (MMORPGs aren't known to be small projects), so you'll need a variety of tools for other aspects of the project:
- graphics editors for various graphics (e.g., logo for the game)
- 3D modeling tools (to create/modify 3D graphics)
- word processor for the planning documents (a detailed plan is highly recommended)
- word processor for writing story-lines (assuming there is at least one story-line)
- word processor for documentation (your users will want some documentation)
- web site development/maintenance tools (assuming there will be a web site)
- accounting software (if your users need to pay for anything)
- database management tools (you need to save user data and game state at the very least)
(If I've missed some important tools, please: Please make mention of each onetool {and its use}, each in a separate comment {if nobody else has}, and I will probablylikely upvote it.)