I sure hope not. If the Stephensonian concept of a Metaverse were ever to take off in full cyberpunk force--VR goggles, gloves, and fiber lines in all glory--I sure don't want it to be a community of gated communities.
The entire idea of a Metaverse embolized existentialist absurdity: the idea of an "unending avenue of lights," 24 hours a day, is supposed to suspend reality. We're supposed to make this irrational and, frankly, just have fun with it.
For the thousands who don't work for IBM, Sun, or have some other connections, a gated Metaverse will be a bad place and waste of time. Not everyone (especially those who have few friends in real life) will have these connections. A Metaverse could be the perfect place to interact and meet others who want nothing else to do but relax and enjoy a little digital vice. This triumphs over EQ or WoW because you DON'T have a goal: it's not competitive and you can just relax.
In short: a filfilling Metaverse could be a great place for the (bored/lonely/connectionless/antisocial). Making it a world of gated communities will only make it some fancy social party.