If this is to be any indication of the population thus far, then it's going to be even worse come the 20th.
55min+ wait for The Swiftsure and 30-55min for many others.
BW you've had a solid chance now to view server stability, time to ramp them up as it's getting beyond a joke to have to wait this long, and yes I am aware it's early days, yes I know it's no different to WoW launch (less crashy maybe) but that's no excuse. If anything BW have seen first hand what to avoid and how to improve.
On a side note, 2-4 dedicated oceanic servers would be nice. So we aren't taking up room for US people, also free char xfer say 1 week after launch might be usefull in helping balance server loads. I know myself personally I had to re-roll because my guild rolled on another server from pre-launch and I wasn't aware, could've saved me some time and hassle.
Otherwise all is good and great!.