I don't mind purchasing the game and then paying a monthly sub especially once it reaches the MMO stage. I'm not a huge fan of the P2W format but I can see paying for asthetic upgrades or specialty items.
However, I like the idea of looting in the game to find premium and special items instead of just paying for them.
I do feel that the rep bonuses etc are in a way a P2W format. I understand that it doesn't give an advantage with equipment or weapons, but it does allow someone to advance in the game faster and therefore gain an advantage by accessing better ships and experience earlier than someone who doesn't pay for it. All of which is why I personally like the subscription format.