Unfortunately, no it isn't. I also can get 60 fps under the right conditions. Anywhere there are a lot of people, the fps drops like a rock while my GPU is starved for data (gpu usage drops to 0% while it waits). When I ping and traceroute the servers I'm not seeing any considerable lag anywhere. I'm not the only one with this problem. Feel free to check out a very informative post about it right here on the forums.
http://www.swtor.com/community/showthread.php?t=249030
Trust me. When I say I've unsubbed, I say it only with disappointment, not malice...