Server caps are where they are, because any more and there will be server instability. And who is to say that if the server allowed on, say 1000 more people, that 1000 more people wouldn't swarm it and have a queue?
Reality check brother, this is not Bioware's fault. If it is Bioware's fault for any reason, it would be making a game everyone wants to play.
And for what it is worth, I had to make new characters on a new server this morning. My character I started on Tuesday at 6am was on a server that had a 2hr que at 4am. So no, you aren't the only one who is suffering.