It's such a nonsense. When they would get less money and less profit through F2P, why they should have changed to F2P instead of staying with the subscriptions? Turbine is a company and a company usually thinks economically. So why they should make a decision which is economically false or decreses their profit? Just to give more players the possibility to play it while they earn less money? Come off it!
Turbine has a higher profit with LOTRO than ever before...
Are you really thinking that Turbine's developers aren't able to finish this system in 3 years? This statement isn't really well conceived.
What new art do you mean? Yeah, there are no raids, but a new system beisde instances and it isn't just another version of skirmishes. How can you evaluate it as just another skirmish-like thing? It isn't published until now and except beta-testers nobody could see it until now... -.-
So you're a fortuneteller? You can alreday NOW see (as we see) that "THEY WILL DESPERATLY FAIL"... o.O