The new one's multiplayer is like playing a really good 4 man DDO.
Having a blast playing a support/debuf mage right now.

Just finished the single player campaign - amazing storyline and voice acting, as you'd expect from Bioware.  Graphics were mediocre, but good enough.  There are still a lot of bugs though, some game breaking and potentially losing you hours of game play - manual save often.   I probably scratched 10% of the content on this first play through.  The game is HUGE.  I'm waiting for modding tools and bug fixes before attempting a second play through. 

Multiplayer is terrible IMO.  It's an afterthought to get players to buy the game rather than pirate it.  Run speed is probably 1/4th compared to DDO, and movement is considerably more restrained (can't move while casting).  Also, you can only slot 4 active skills at a time.