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Ok so there was an update for the game and things seem better. So i just wanted to follow up with the progress and some suggestions for settings.
The endless load times are gone as far as I can see from a short play session yesterday after i patched the game. However i did get disconnected which happens in every single mmo; i had the game freeze as well; it happens to the best of games.
I had some game load time improvements from using a trick in the SWTOR forms. Just right click on the launcher shortcut and go to properties/compatibility and put a check in run in xp service pack 3 compatibility mode and for giggles i selected disable desktop composition and run as admin.
I love team evade races and the game is really nice except for the weird effects of lag or desincrinization between players.
So enjoy hope it helps.