No it's not; I read that in about 2 days there - if it includes blogs as well as news stories.
If you are reading 20 articles in two days, then it is probably only fair that you pay. Or if you are that fussed, play around with cookies and browsers to get around it.
I'm not a natural Telegraph reader, but I am a big fan of there being choices in broadsheets and alternative points of view, so I'm pleased that there will be a number of free hits each month so people can follow links to specific articles.
With the Times, I quite often find myself nipping into my local library on the way home from work if something crops us during the day that looks interesting, so this is much easier!