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I really liked TSW more than GW2 , GW2 is a good game but I found a lot of it to be scattered. There is a lot of Run over here and then Run over there, oh wait there is an event go over and kill 32 spiders with 27 other players. The tutorial is poor to say the least and the Manual does not do a good job of explaining the game, in fact they dont even mention Crafting!. On the other hand TSW is very logically set up, the quest follow a pattern and flow from one to the other, I never felt like I was just running around with my head cut off.
The atmosphere in TSW is great. very spooky, the music helps also, the atmosphere really helps you to immerse yourself in the game. GW2 atmosphere is blehh, The Graphics are good in both games, GW2 though is way to green, I feel like I am in "The world of plants" I like the realistic graphics of TSW better. combat is fine in GW2 as long as you have fast fingers or a 16 button mouse, I dont particularily care for the skill system and think the wheel is better at TSW-the combat in TSW becomes better when you get more skills.
These are my first impressions as I have only played each game about 10 hours, but it will be interesting to see if things change. Right now 10 hours in I have to give the big edge to TSW. As a matter of fact I liked GW1 better than GW2