Maybe wait till a sale, but it's really not that bad of a game. You can play it solo if you're not a fan of PUG's or if you don't mind playing with randoms then you'll be fine doing almost all of the content since the majority of it seems to be solo focused and easy to do. The only things I've found that need more than one person are world bosses, dungeons and World Anchors, none of which you have to do.
Not sure why there's such a hate on for the game and why everyone wants it to crash and burn like its some form of Hitler, but I'm loving it. Yes there are a decent amount of bugs but that's to be expected seeing as how it's not even a month old yet. The bots can be a tad annoying but Zenimax is doing a rather good job banhammering them and the moment you ignore one it ignores all his alts since you ignore the entire account. Yes it's pay to play and you have to buy it first, but honestly I would rather have that than a free to play game any day. They just seem better than your average and even higher quality free to play games since they don't have to rely on an in game cash shop. They have guaranteed revenue as opposed to "maybe" revenue, then they usually have a god awful pay-wall and try to hide stuff behind it so you're gently "coerced" into paying for it.
I have no idea about this "micro-transaction" thing as it's not actually in game and as far as I know it has two options, the standard CE upgrade and if you're too lazy to spend a few hours farming for a horse you can buy one, but in no way shape or form is it even needed. My friends and I have the CE and I'm the only one out of 5 people that even uses the damn thing anyway.
At the end of the day it's your money, I would say at least watch some YouTube videos that show off the game-play
and if it tickles your fancy grab it from GMG or something. I know I got the CE for the price of the standard edition and I could have grabbed the standard edition for around $40, so not a bad deal if they ever decide to have it again.