After about 24 /played hours you won't have anything left to do, unless you just PvP all day long =P
No one is going to see this as a F2P and a Paid version. Would you consider WoW's level to 20 for free a free version of WoW? Some great game - getting less than half of your abilities, no operations, one FP, no GTN, virtually no crafting, and can hardly chat