Probably not. The only way to get to Outland is through the Dark Portal and it's surrounded by level 60 elite demons. Not to mention the fact that Outland is full of level 70 stuff.
They'll give teh Draenei a small zone in Azeroth.
Makes sense to me.
edit: From wowwiki: The Draenei start in the Azuremyst Isles, a grouping of islands off the northeastern coast of Kalimdor.
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