It means that subscribers will basically be able to create an (almost) unlimited number of characters.

/agree I understand the Legacy restriction. everything else you said I completely agree with. Also, reduced experience for non-subbers is not only frustrating, it's completely counter-productive. players having reduced experience fall behind in levels and when they can't access some flashpoints and warzones to make up for that lost experience, their experience will be tainted. SWTOR is the only MMO out there that actually has reduced experience for non subbers and I don't think that is a good, groundbreaking thing. I also understand the race restrictions, however, to be limited to human/cyborg and Zabrak only, is a bit overkill don't you think?