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F2P and sub is just a business model. Frequency of updates and content depends on the developers commitment and team size. Just going sub doesn't necessary meant you'll get frequent content updates if you look at old MMOs and WoW while being F2P doesn't mean it's all cash shop items (GW2, Planetside).
At the end of the day, it's going hinge a lot on player population management and managing expectation. Having an upfront cost barrier is going to limit player size and hopefully Carbine and NCsoft have their expectation in check.
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