Not sure what ESO is, but anyways. It's supposed to be F2P. Probably going to have microtransactions. Hopefully they do it similar to DDO (still think that's probably the best F2P model I've seen.) but I'd imagine it'll be something similar to one of their other games. (It's being made by Cryptic. They also made City of Heroes, Champions Online, and Star Trek Online. Didn't play any of those so not sure how they do their models other than I know STO is F2P.)
If you mean the old PC game, then I agree. I wasn't a huge fan of it either, but it's mostly because it was clunky and didn't age well at all.