Free to Download & Play - Beta Soon (http://www.joystiq.com/2011/05/24/ghost-recon-online-is-a-free-to-play-shooter-closed-beta-this/)
Its the first I've seen/heard about this PC based Ghost Recon online and I'm interested - I enjoyed the other games on console and think this *could* work online PC however I'm always VERY dubious about the 'pay to enchance and personalise your experiance' stuff becuase at the start its all balanced and mainly visual based but soon as they have a largish player base they release the uber over powered 'I'm getting owned becuase I'm not paying' items and it all falls apart.
Ah well we shall see, either way it should kill a couple hours :P
It will be as you said, F2P and Item Shop with Game enchancing items, one to steer clear of imo