I must say... you are getting more and more cynical here recently Urael.
Basically, I disagree with your assessment. Making the game actually playable to level 50 is a good move. It draws players in well beyond any "trial" feel (which is what sub-only MMOs are locked into)... and yet they have sufficient attractive perks for sub-50 to draw players in early. And let's face it... if if you see nothing to do once you get to 50... then why did you play to begin with.
Just because you are jaded about the game right now does not invalidate the flexibility (and draw/attraction) of play they are offering with the dual access sub/freemium approach.