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Hopefully in another 3-6 months Bioware will have polished/balanced the game into a more worthwhile state, but if not at least the price will have dropped much further or perhaps even headed towards free to play. If you give them your money at this stage of the game, don't expect more than 2-3 months of ho-hum content unless you are a very casual player.
The general public does not care how it will be in 6months. Ultimately how an MMO fares is how it does initially and SWTOR seems to have been a failure. Even if the game becomes great with patches and balancing, people aren't going to come back in droves and attract new players. The game is a sinking ship and at best they can patch the hole, but it will not ever be the same.
Game as of 1.2 (released Apr 12th 2012) is pretty solid... and subs supposedly haven't dropped at all per recent interviews (early May). I think they're in fine shape for SWTOR still.
Thats funny because I know a good group of people who have quit and everything I read says people are quitting in mass. GW2 is going to crush SWTOR when it comes out. The only reason SWTOR is even breathing still is because its really the only decent alternative to WoW at the moment.
All they did in patch 1.2 is add in shit that should have been in the BETA and ruin PvP.