It's not so bad. I was enthusiastic about phase 2 beginning today because I want a shot at the epic mount for my rogue but as it was, there were a ton of people out in the zones chasing down rifts and doing the "normal" zone events as they popped up. Managed to finish collecting planarite on my warrior so I could get the field medic and had a lot of fun bombing around on my rogue killing things with my awful guitar. Got about 5k notoriety with Grim Disciples on my warrior to boot.
Not ideal, but I can live with it. I'd rather see them put it off until they're satisfied it will work as intended than ruin everyone's afternoon with server crashes and broken events.
I suppose.. I'm annoyed though because they supposedly tested the crap out of this event on the test shard and they've had 2 extra weeks for internal testing. I guess I just expected that if this were going to happen, it wouldn't happen half an hour before it was supposed to start with the message of "yeah we'll get back to you on when you should log in for this"
I feel like their QA guys dropped the ball here; first time I've seen that from them.