Thanks for the input deakon, also found some info on this site actually, lol.

"As I mentioned in the big preview yesterday, the character creation (even in pre-Alpha) is pretty deep and on part with other TES games.  You can tweak and change every facet of the character’s face, as well as the girth and size of their body.  Though you won’t be able to make arms longer, or legs disproportionate, you can make a fat Argonian if it pleases you. Rejoice!  Though we’re told there will be more options in time, the one area that was limited was the hair. Just not many styles early on, and though many of us will wind up with helmets, don’t forget the RP-folk!  After you’ve got the looks just right, you pick your first name and surname (or just the former if you prefer) and off you go.  Once you get to actually playing and leveling… that’s where things get deep."

I would be awesome if Zenimax made it a B2P with cash shop. It's so simple and it's the perfect option for this game especially. I really doubt that they will make ESO a subscription from the get-go because no one does it anymore except WoW. Due to that fact, I doubt that a majority of the population will pay a monthly fee for this one game, which hasn't proven it self yet, when there are like a hundred other games that are B2P or are free all together. The only reason that WoW has managed to keep it up is because WoW has been around for 8 years and throughout that time, people have made long lasting relationships and friendships through the game which they don't want to break off from. Although, there IS  a big advantage to a monthly subscription as it will allow Zenimax to make a HUGE amount of money, especially in the first month or so of its release. That extra money goes into pretty big improvements and additions to what  will most likely be an already amazing game. Expansions and voice acted NPCs take up a lot of money. Thats why I would be in favor of a monthly subscription. BUT the supscription would have to be like 5$ which I wouldn't mind at all. 5 bucks is the cost of a sandwich which is nothing. I would gladly give up 5$ a month if it meant expansions and more improvements. I would MAYBE give 10$ but then we would have to take into account the game's end game and what it has to offer. So to put it briefly, 

Definitely B2P with cash store.

OR

Monthly subscription but only 5$