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The founder of the WS G+ community made this chart that gives a visual overview of the kinds of content players will see in the game. I guess what strikes me is the dotted line which represents level cap. Carbine says they are basically building a game that has a fully fledged out elder game at launch. I hope it works out that way!
UPDATE: The author added some things, so I updated this accordingly.
If in 1982 we played with the current mentality, we would have burned down all the pac man games since the red ghost was clearly OP. Instead we just got better at the game.