Yes, but we do know how that feature is implemented in other games, as well as Turbine's own LOTRO. So we have something to base speculation on.
If we wait until Turbine gives us any real information before we give our opinions on how things could be, we would have nothing to discuss, because Turbine is terrible at providing information.
We don't know how the system will be. But we do know what we would not like the system to be.