Bungie has been talking about how they want us to develop a character over time. To make it us. However since their are three class', we would end up missing out on a lot of gameplay styles since we can only play as one class at a time.
One solution would be to have multiple characters that are all you, that way we could experience all the varieties of gameplay. Good idea? Bad idea? You decide.
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Edited by Solfinder: 4/20/2013 3:21:56 PMBungie also said, "there will be no main menu, so you can jump right into the action" so I am pretty sure you will only have one character.... but will they have a fee so you can have another? I don't know.