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So I played this game in beta and I really liked it. I didn't get extremely far and left it a little while afterwards as I got kind of bored.
I recently went back to give it another go and the servers are all populated extremely well. Sith and republic sides are actually pretty even. Ship combat has improved and the game looks phenomenal. I thought GW2 would be my game of choice but it failed to capture me.
I found myself coming back to SWTOR and am extremely happy with my purchase. I recommend everyone let go of what they think to be true and give it another go.
Also all of the reports about doom and gloom are unfounded. An article was just released that there are still 1.3 million players playing the game. they only suffered a 400k loss (http://www.ign.com/articles/2012/05/07/swtor-subscriber-base-shrinks) from 1.7 to 1.3 million. Which makes it the second largest sub game out currently (to WoW of course).
An expansion is also planned to be released shortly.
See you guys in game!