No concrete information on crafting is available at this time. However, crafting will be tied into the new Armoury System that defines player growth according to which weapons they equip.
The two following youtube links are short but insightful crafting guides I made back in December --Ritika Navaar 8:57 AM EST 7/29/2011
Basic Crafting Tutorial
Local Leve Crafting Tutorial
A Disciple of the Hand, the Culinarian helps adventurers maintain their strength during battle through delicious dishes.