I feel pretty peeved about the whole level 50 thing meaning a free month's play time. I think its an unbalanced and unfair way of rewarding the player base. I think its unfair to everyone whose chosen play style is to RP or play various Alts etc. I think this decision is going to make some people happy, but seriously annoy the rest.
Thing is I actually don't mind that I'm not getting the free month, I think the amount of play time I get out of this means that I'm paying approximately 6p per hour of game time, and in all fairness, that's pretty damn cheap.
What I do care about is the principle of what they've done with this because they've excluded a good cross section of loyal customers who would actually benefit from this and would continue to stay subscribed. It's not good business to make your customers feel like they're being punished.