I can remember taking a new troll innoruuk SK on Live back in 2000 and getting bound in Qeynos after confirming I wasn't KOS in the underground. Faction however may be different here. I haven't been playing long but so far faction seems to have very little if any effect on prices at venders which certainly wasn't the case on Live. Also I feel fairly confident the underground spell venders would trade with me.
I know for certain here on P1999 as long as you are still at dubious faction rating and not glaring trainers of your class still will train you. Which I am fairly certain was not the case on Live.
Short Version: "Probably. So long as you aren't an iguana and don't hurt your faction by doing any of the quests in that region that are great XP and trash Bertox cult faction"
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