I saw the Bioware presentation for The Old Republic at the Penny Arcade Expo on Sunday.
You haven't really seen the trailer until you have seen it in high-definition with mind-blowing sound. I cried.
The game looks great. We got to see quite a bit of gameplay, including the first footage of the Trooper class. The combat looks like pretty standard MMO style action.
The Bioware guys placed a lot of emphasis on story, and they showed several examples of interactive dialogue trees that are fully voiced. That was cool. My only concern is how many cutscenes I will be watching compared to how much time I am actually playing.
It mostly looks like a KOTOR you can play with your friends (and a few other knuckle-draggers). Fun!