The folks over at The Game Musketeers have posted a transcript of the questions asked and answers given during a recent Warhammer Online: Age of Reckoning conference call.
Q: Are there any penalties for Death in PVE and/or PVP?
A: Currently there are no plans for experience or gold loss in PVE, there will be no constitution loss in PvP. There may or may not be rez sickness in PvP. All players will need to get used to Death. Dying is part of the game as such the main penalty for death will be time.