Smannesman: That doesn't sound very exciting.. a helm isn't very deep.
I think LoTRO is no worse than all the other F2P MMORPGs in its restrictions though, not sure about the base game though that does seem expensive. But do you need to buy the base game, or can you just play the F2P version and buy the expansions?
The "base game" is free, so to speak. You get all 3 starting regions and one extra zone included as well as the epic questline. Everything else costs Turbine Points to unlock, with one zone unlock unlocking everything in it. For example, when Riders of Rohan released, the base package was 39.99 - instead of paying that, I bought $20 in points and farmed a few deeds (think like achievements only with TP rewards as well as stat increases) and purchased the quest pack for half the price. Downside? I don't have access to the new dungeons.
Turbine's model for lotro is one in which anyone can grind deeds across characters and farm TP enough to unlock every zone for free; expansions, not so much as they cost a lot more, but still possible. When the game first relaunched as f2p it was common practice for the freebies to roll 3 characters (max char slots are 3 for totally free people iirc) and on each character do all the deeds in the 3 starting regions, then take each character through each unlocked region and do all the deeds, etc etc, or just delete and reroll, doing the 3 starting regions again. It is not an exploit in the eyes of Turbine, and it's a fast way to earn points that you can't afford.
In contrast, DDO is much more stingy with its TP, and no, you can't cross-share TP between games due to licensing issues.