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If Feb. 25th does turn out to be the day of reckoning, what in your eyes would deem the game to be either a success or a failure? I'm sure Trolls will have just as much fuel for their flames as Fanboys will have rebuffs to counter, but what will be the game-breaking or blockbuster-making factors for you?
Personally, if the combat is a totally unstable lagfest - given that the entire premise of the game is based upon this - and ~50% of the promised features are either not included or still locked, I would probably consider this game up the proverbial creek without a paddle. We all know first impressions are what matters in MMO's, and with a game such as Darkfall that has had an ... interesting ... development to say the least, those first impressions are going to be vital.
Conversely, if the combat is fun, the animations smoothed out, the gameplay stable and almost all of the promised features in, then I'm willing to bet it will have a relatively good chance.