As a veteran of MMOs (and MUDs before that) I would have to recommend this game for several reason.
-F2P: Its actually free to play. The RMT (real money trade) store items are mostly cosmetic. There are some that effect gameplay convenience wise. However, the RMT currency (Turbine Points) can be also earned in game in many different ways. Basically, the game gives you RMT currency as a side result of playing.
-The Community. The community is not the typical MMO trollfest. MOST players you come across are more than willing to lend a hand, give advice or even (sometimes) free items etc. They are very friendly and generally tend to help the new players out.
-Social MMO. Despite this game having boatloads of grindy combat like any other MMO, there are many unique social aspects to this game. Making/playing your own musical instruments in a band, player/guild housing etc.
-Massive world. The gameworld in this is rather big. While certain areas are locked out until you purchase the expansion, there are equivalent zones for the free (budget) player.
-Customer Support is very ... human. And tends to be helpful with the player rather than absolute sticklers to policy.
-Mounted Combat/Legendary Weapons/Raids/Dungeons/Crafting/Typical MMO stuff etc., etc.,
-I had performance issues on my budget laptop. The game can get very laggy with xpacs and infusion of players.
-WoW ruined any mmo without flying mounts ><
TL:DR give it a spin if you like mmos. While it doesn't break any new ground in the genre it is a solid game with unique social aspects.