Your current character will remain. They are still hashing out details for the rollover, such as whether you can change character names, use the new character model designer, etc, but they have confirmed that all progress from 1.0 will carry over to 2.0.
As for the client, new players will have to purchase the new client, either as DLC or as a store package, but existing players are supposed to get 2.0 as DLC for free. (From what I understand, anyway.) We will not have to re-buy 2.0 unless we want the physical disks and whatever extras they throw in the box as an incentive.
____________________________ All jobs at level 99 Bard 4 Life Hanging out in the Ionosphere these days
::Finale II HNM
Daurdabla 85 completed 3-18-2013 *** Gjallarhorn 95
(Zelduh)'s won the argument by going so far off the deep end that no one is willing to follow.