Funcom has just announced this morning that Age of Conan is switching to a free-to-play/hybrid business model. While no date has been set, a posting on the game's European forums confirms that the title will be relaunched this summer as Age of Conan: Unrated.
Highlights of the new service include free access to all of the outdoor playfields in the original game (Aquilonia, Cimmeria, and Stygia), two free character slots, and access to non-premium dungeons as well as four character classes (Barbarian, Demonologist, Guardian, and Priest of Mitra). Alternate advancement points, veteran points, and offline levels are reserved for premium subscribers, as is the majority of the Rise of the Godslayer expansion content (the exception being the level 20 to 40 Gateway to Khitai content).
You can check out the full list of free and premium services, as well as a F2P FAQ, on the European Age of Conan forums. Also be sure to read Massively's exclusive F2P interview with Craig Morrison to learn about plans for server merges and other details.