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Unfortunately a rollback will never be realized due to LA not wanting to admit they screwed up.
The NGE wasn't SOE's fault, LA forced it on them, but they've been taking it on the chin for years due to poor understanding of this game and the people who played it. La only saw dollar signs and felt copying WoW play they could cash in, then (after a truly spectacular failure) in the true spirit of corporate politics wouldn't admit any fault, as this would result in a major change in management .
Now that there's a new game in the offing from the star wars universe, this game is well and truly dead.
I for one would be happy to see the original engine reskinned, updated and a new "universe" created that is immune to outside influence.
If SOE is smart enough to do this they may actually make a minor comeback in the MMO community, and lose the image they currently have of being LA's "prison girlfriend".
Odds are they didn't retain the original engine in umolested form, or they didn't retain the rights to it when they set the contracts with LA, but there's always hope.
I miss my flashlight.