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I've preodered ESO but seriously considering cancelling. I liked playing ESO in the beta but wasn't sold on the combat system. Didn't get a chance to PvP to much so not sure on balance.
ArcheAge on the other hand is best MMO ive played in 10 years. It is so well done that I have a hard time finding something I don't like about it. The skill system with 120 possible classes makes it fantastic. The Crafting system is one of the best ever.
The fact that you can own Homes, Farms, Crop Fields, Boats, Submarines... not to mention mounts and Gliders. Extremely well done.
Was also built on the CryEngine3 so it looks fantastic.
So now you see the dilemma. Not sure which way to go..