Nail...on...the...head. A very good, thought-out post my man.
When I saw/heard all the limitations to F2P, I was appalled. I was wondering with so many limitations and frustration, why would any one join? Yes I know as a subscriber I can do anything. However, like Deimias, I began as a level 15 cap F2P. When I noticed the limitations, I subscribed. However, those limitations were very small. Now as a F2P, you can only do the bare minimum without spending money or subscribing.
I agree, let F2P people do what they want, when they want up to a certain level and by that time, they will have played the game so much they wouldn't want to give anything up and will subscribe. Making people frustrated and flooding the general chat with F2P people who don't have a clue is rediculous.
Now, start listening to subscribers with what they want or you'll have a whole set of other problems on your hands.