I concur - 68 valor and only need four more BM commendations until full BM. I still pvp for the fun of it, but three WZs (75% huttball) is getting really old, really fast. Ilum is just zerging, one side or another. Rarely it's an even, fun fight, but don't even get me started on the lag issues. I will never, ever, go back after I finish off my BM set, until the lag is fixed.
I truly enjoyed the game for the past five-six weeks, but my enjoyment is waning fast, so I just unsubbed this evening. Few more weeks of paid time, then I might check in again after the next major content patch. Ranked pvp sounds nice, and it probably would have kept us hooked from the start - but it's too late now - many really solid pvpers I know have already left the game for new betas and probably won't be coming back.
Not sure if this goes for anyone else, but I was HOOKED on Ultima Online for a few years - loved the game, amazing open-world pvp, unique skill-based characters (no levels), and fabulous random-stat crafting (kept you crafting over and over for the lucky epic piece), even with the terrible graphics. Every game since (AoC, Rift, etc) has been fun for a few weeks, but nothing has been interesting enough to stick around that long - common denominator for these games: level-based, named-item (lousy crafting), carbon copies of each other.
Looking forward to GW2, Diablo 3, and TERA. They might not hook me either, but at least it'll be something new/different.