I agree that the character models look horrid. But if the game's good I can get over it. I'm still not sure what I want to play at release - WoW, Guild Wars, or EQ2. Hopefully, WoW won't be the only one with open beta
The computer thing won't be an issue for me because my 3-year old computer is too crappy for any of the games. I'll be getting a new computer no matter what I play.