While they have not openly stated as to whether they will whipe I expect one will happen. There is a thread in the WoW General forums where players are discussing back and forth as to their opinion.
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If you were that pumped about it, you should have saw it coming. Bliz clearly stated OB would start 5-7 days after the whole $8 FP stress test sign up. I mean accounts were available for what? Like 3 days?
Ya but there were people that had no opportunity to enter. Some people can't tie up their computers for that long to download it. Others have dial-up and while they will be able to play without a problem downloading was out of the question.
Personally I agree to a full whipe. First off it helps reset the economy so not as many people can be taken advantage of by those who like to rip others off. Second it helps give an even footing in PvP for those that don't start till retail.
Also they are tweaking the spawns and timers in the early fields to compensate for a large amount of people. Even the higher level characters over on the offical boards are expecting a wipe and have been for a while. Even some of the new players are expecting wipes. Having the knowledge you have ahead of time of where to go and what to do will already assure that you spend little time in the starting fields come release if there is a wipe.
Just my 2 cents.