Star Wars the Same Old Republic?

See what I did there?

Ok, so I've talked about Star Wars: the Old Republic before (back when it was but a twinkle in Bioware's eye), and some time has passed and sparse details have come to light.

First and foremost, the game was officially announced, which is a big detail.

Some screens were even released, and on top of that, there is even some recent video, though primarily it simply shows the same screenshots and video clips several times over in lieu of a bulk of content.

My enthusiasm for this game is slowly trickling away. I'm beginning to assume that it was a bad idea, and will only lead to inevitable disappointment. I hope I'm wrong. I hope this is the MMO that can topple the WoW giant, with great gameplay mixed with a georgeous setting, and a fun social element. I hope it's fun, exciting, and a new experience in both online gaming and the Star Wars universe. Will character customization be more extensive than KotoR? As extensive Mass Effect? Can my buddies and I take a break and explore a planet? Are there diversions? Can I waste all my credits at the local cantina wishing I was more than a washed-up scoundrel? Wish this rash ever truly go away?

Hopefully we will get answers to these questions soon.