In any case...
Back on topic: ToR is a decent game, especially being only a year old. I don't believe that the game started to fall simply because people didn't enjoy it, the subscription model just isn't working for much longer. Even WoW is losing subscribers because of this, though with their player base it'll be a long, LONG time before that forces them into the f2p market.
The f2p restrictions are pretty steep. Steep enough that I can guarantee they'll start lifting some of them pretty quickly. Seriously, 2 quickslot bar limitation? That's just retarded. Otherwise, if you have the time, check the game out. It's true that there are some problems that haven't been fixed since the beginning of the game, but only 1 or 2 that'll actually make an impact on the gameplay.
My server is The Ebon Hawk. Names Orianos if you want a little help along the way. And if you give it a shot, play till about level 25 before you make a judgement. The game takes a while to blossom out. I'm personally hoping they eventually adopt some of the newer mmo mechanics once they get a steady in-come flow going.