PSN Exclusive Dust514 and It's Idea of Microtransactions Within the Game

I watched a trailer for this game and it looked good. How it feels when you play it will be a different story but I wanted to blog on the idea of microtransactions within the game. See full story at Joystiq:

Here is the gist of how it will work:

"You effectively pay what we call a 'cover charge,' we're looking at likely around $20 for the initial download. That download gets you the game client plus a bundle of virtual currency which has the equivalent in-game value of $20. So you're basically getting that bundle of cash that you're using to start the game, and from there if you choose to play for free and just grind, you're welcome to do that. But of course we know a lot of people will convert," a CCP rep explained to me this afternoon. As of now, the plan is to release Dust 514 exclusively via the PlayStation Network.

What do you guys think? I like the idea. Here is some footage, take a look.