Well I can guess based on my previous F2P MMO experiences.
1) No idea really
2) ^^^^
3) Probably, if by enjoying end game you mean having the extra stuff like pets and Super Sparkly Purple Wonder Swords of Alganon that they always sell in the money shops in F2P MMOs.
4) Probably, as most of the hardcore players will be leaving as they will feel betrayed by the devs that their precious endgame content is now going to have to cost real money, as well as being only a rental. Oh, and they'll probably all be pissed that a huge influx of n00bs will be coming into the game right about now.
I'd say don't bother, play a better MMO. I'd reccomend EVE online if you love a hardcore MMO, can maintain activeness with a guild/clan, and don't mind loosing all your hard work when your ship inevitably gets blown up, as well as experiencing IMO the best combat in any MMO. Star Wars Galaxies is another one, it's only OK, I always thought it was better than WoW or any of those fantasy games, but nobody plays it since well, like 5 years ago. Theres a Fallout MMO in the works, as well as the Need For Speed MMO, both of which will probably turn out better than LOTR.
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