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What's the best MMORPG of 2012 you ask? A game that is not even out yet. That's right folks, a game that isn't even out yet is better than every game that is already out.
Star Citizen is not out, yet it makes Guild Wars 2 look like a steaming pile of garbage, it makes World of Warcraft look like an erotic caveman painting chissled by Ringo Starr in the movie "Caveman" (1981) see the IMDB page here: http://www.imdb.com/title/tt0082146/
Star Citizen makes Darkfall & The Secret World look like a pile of refuse, need I go on?
Star Citizen makes EVE online look like EVE offline, and unlike EVE it's actually a space sim where you will be able to fly around with even a joystick!
Star Citizen will be the best gameof every year before it comes out and many a year after it comes out. Look for it, SC is here to stay, and by SC I don't mean Star Control or Star Control II (great game), I mean Star Citizen, don't let the name fool you, don't let it's association with Wing Commander, Privateer, Freelancer, & Chris Roberts fool you, know this, it'll be the best game in this decade easily, it'll wipe every other game off the map.
Even if you don't like spae sims you will love them by the time you play this game. The amazingness of this game blows the hype meter off the charts, I would grade it a 16 trillion out of 10.
Check out the site if you haven't already, here's the link:
http://www.robertsspaceindustries.com/star-citizen [mod edit - link modified to remove referral]