I gotta say the whole business model is a bit screwed up as a F2P, since it really does lock out a lot of content as an f2p user however the storyline isn't, which is the main reason I play it, it doesn't just focus on the whole known "MMO playstyle" but is rather literally an MMORPG.
Although it's officially an f2p, considering the limits, I see it more as a p2p model but with some f2p content in order to get more players to try it out and kinda "forcing" them to purchase it if they like it.