Alright, so I managed to get my friends in after a really huge download which we got off a private FTP (beats FilePlanet's 20kbp/s) and managed to get our characters to level 13 or so after many hours of non stop powerplaying in-between server crashes, bugs and instability, and guess what? They all think that it sucks more than Everquest did at low levels. Being a closed beta player I can pretty much say that most, if not all the classes are terribly imbalanced and that instances are impossible without min/maxed characters due to the apparent nerfing of the warrior's taunt ability (which has a 10 second delay now but the same crappy efficiency). What's worse is how they took out the ability to retrain your talents so if you screw up on one character, you'll likely have to start over again because none of the raid-guilds will accept you as a member otherwise.
Suffice to say, none of us are going to buy this game. We'll just be getting Guild Wars when it comes out next year, instead. At least we all enjoyed the World Preview Event and the subsequent beta test.