Star Wars: The Old Republic has a couple weeks of full operation at this point, and its reception has been mostly positive with professional reviews in the high 80s. With estimated peak concurrent users of roughly 350,000 players, Baird Equity Research’s Colin Sebastian thinks it portends good things for the MMO industry.

“We view the early success of Star Wars as an indication of a healthy MMO market,” said Baird Equity Research’s Colin Sebastian. “While there is likely some shifting of usage from Activision’s World of Warcraft, we see a viable market for multiple million-user MMOs in the U.S. and Europe.”

A decline in subscriptions to World of Warcraft is expected, though Sebastian sees no direct connection between the success of Star Wars: The Old Republic and a diminished amount of subscribers to World of Warcraft.