City of Heroes (and City of Villains) is now FREE!  Just go to http://www.coh.com (http://www.coh.com/) and sign up for your free account.  Then visit darkshade's City of Heroes planner (http://darkshade.homeip.net/coh/) while you wait for the huge client to download.
Here's a cool trailer they've made to advertise the update.  http://www.youtube.com/watch?feature=player_embedded&v=s0DKoutHf9M

I've created a Hero on the Pinnacle server named Stealthblade.  How about anyone else?

Correction: Use this planner for you CoX characters: http://planner.cohtitan.com/planner

It's more up to date.

I've created two  heroes - both on the Pinnacle server.
The first is Major.Ursa - a stealth scrapper.
The second is Solar.Flare - a blaster.
Both have a period between the first and last name since all the variations of their names without punctuation seemed to be already taken.

My 2nd character on Pinnacle is Magnus Longstaff - a Dominator

Ooops, my second character is Solaar Flare.. the other name was also taken.. forgot that's what I had to settle on

Kocknor the Redeemer replaces Magnus Longstaff

Hey, you can log in to CoH with your old credentials and it will automatically work as the free version.  You get 4 global slots (which you have to assign to specific servers to use) and can recover your old characters.  I restored a character that hasn't been played for 4000+ days.  MONSTER!  Yes Hawkeye, your old character is still around, and still parked atop a traffic light.

Update:
Creating new characters under your old subscription yields other bonuses.  Some character classes otherwise locked, as well as costume pieces, are available.  I've created a MasterMind character on Pinnacle named Necrowing.  With her demon wings, she hovers overhead and hurls dark magics at you while her zombie army attacks you on the ground.  What a fun character to play!

Screenshots of Kocknor the Redeemer and Necrowing

Alright, I made another character in my original account: he is a twin sword/ninjitsu stalker named Kalam Mekar (dammit I just realized I misspelled his last name.. sigh).  In any case, he is on the Pinacle server.  I'd attach his pic but frankly I can't remember how to do it and it's too late to try to figure it out... damn you CoH, I shoulda been in bed 1 1/2 hours ago.  At least I got him up to level 8 pretty damned quickly!