I am also hoping that this will be the death of WOW and other MMOs like it. From what a friend told me about it, too much freedom equals boredom and lack of story. Some story restricts the freedom but only to a certain degree and removes boredom. That's why I think TOR will prosper. Shem, I really recommend that if have the time you should try TOR when it comes out. I am inclinded to, but I am not sure if I will have the money or time.
As for K3, I still fail to understand how such a game would be desireable, but I can recommend that everyone wait for Revenge of Revan. Logan23 is doing a great job.
As of 3/14/10, TSL is restored. The Sith Lords Restored Content Modification by Stoney and Zbyl has been finished and can be downloaded here