I might be misunderstanding some of the post here, but why the hell are we talking about Legends in the Ultimate thread!
First of all TSW is NOT being shutdown, the servers will still be up and running normally. New content is free from now on according to the Press release. So new content will be added to TSW for free. Subscriptions will still be allowed and have big benefits as they do now. I'm guessing, one subscription will work on both games. Iirc, only one character slot is available for F2P players.
Wouldn't it be a good idea to post all the new Legends stuff in a new thread?