It does.

Same thing is happening to me and 3 others on my server that I know can't post here.

Check that preferences are correct, My first time running it, it reset the preferences for some reason.

Double check that you included BOTH "C:\Windows\System32\cscript.exe" "C:\Program Files (x86)\Electronic Arts\BioWare\Star Wars - The Old Republic\steamswtor.vbs" in preferences and that "C:\Windows\System32" (with quotation marks) is the starting location and that all paths are named correctly.

Make sure you copied code correctly. Maybe a letter was cut off somewhere.

From my experience character textures are awesome, but from your post it sounds like objects would get crap textures. I have an issue where items in cutscenes etc sometimes get borked to lowest resolution, when this happens I have to ctrl-U twice to reset UI and it usually fixes it. Give it a shot and see if it helps. I also noticed that changing from low to medium textures actually improved frame rate o_O And trees look normal to me?

For those having issues, I would double check that all the paths are correct, check that C:/windows exists, check where your bioware install is located and change accordingly. Non 64bit systems WILL have different paths. Honestly though valve or bioware should fix this. It worked fine in beta.

Nice, I get an error saying "launcher has stopped working" but it works, nice programing.