What does this mean? For hardcore players there will be little change, as a paying subscription is still needed for the full game. The main change is that the game can get new players to "try out" EQ without cost.
The free game is very limited and will not be something considered by the vast majority of current players. The best thing for current players is the hopes for new blood in the game as well as monthly free Station Cash to purchase game extras.
Although the F2P status is still with many questions and subject to change at any time, currently it appears that for "Gold" members (those with an auto-pay $14.95 per month account):
Any player with a recurring membership will receive 500 Station Cash per month as long as they stay on an auto-renew payment plan. If you have a recurring membership but you cancel or purchase a non-recurring membership, you will no longer be on an auto-renew payment plan and you will immediately stop receiving the monthly Station Cash bonus even if you have time left on your existing membership.There are still a lot of questions and everyone should expect some changes as SOE attempts to roll out EQ F2P over the next few months.
Read the announcement from EQ Producer Thom Terrazas here and the details here.