Open beta is goin on right now (if you can start downloading the client when you read this message, it shold be done in about a day) - you can try it for free.
As far as the fee goes:
Quote:
After the initial free one-month subscription ends, players of World of Warcraft will be able to continue playing under one of three different subscription plans. The month-to-month subscription plan costs $14.99 per month, the three-month plan costs $13.99 per month, and the six-month plan costs $12.99 per month. World of Warcraft subscription fees can be paid by major credit card, PayPal, and pre-paid game cards, which will be available in stores where World of Warcraft is sold. World of Warcraft has received a Teen rating from the ESRB
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It's in-line with other MMORPGs, but I really wish they'd gone the Wal-Mart route and undercut all the other guys at like $10/mo, and made up the difference in the number of subscriptions they'd sell.