Star Wars: The Old Republic hasn’t technically released yet, but there are already plenty of people who pre-ordered the game and received early access. The game is up to roughly 140 active servers and Cowen & Company analyst Doug Creutz notes that average player densities on those servers “had increased meaningfully” over the past week.

“Based on the number of servers now in operation, and the relatively high densities thereon, we feel fairly comfortable estimating that the game already has in excess of 1 million players, and potentially could have as many as 1.5 million, with the official launch date of the game yet to come,” notes Creutz. “We note that EA gives players the first month free, so ‘players’ does not yet signify paying subscribers; however, our estimate does at least signify the number of people who have bought the game (and thus far, includes only a subset of those who pre-ordered the title).

“Our (very rough) estimate is based on (1) Star Wars now has 29 percent as many servers in operation as World of Warcraft in North America and Europe; (2) the average player density (relative to server capacity) on the Star Wars servers appears higher than it is on World of Warcraft; and (3) we estimate that World of Warcraft has around 4.0-4.5 million subs in North America/Europe,” he added “The missing pieces of our analysis are that we do not know the relative capacity of Star Wars vs. World of Warcraft servers, and we do not know exactly what the ‘full’/’very heavy’/etc. labels signify. Based on the progress of the launch so far, we continue to feel very comfortable with our FY13 2 million subscriber estimate for Star Wars.”