It was fun especially with a cool group of friends. You are also probably talking about the NGE (New Game Experience). That was what completely remade the game it a far simpler form, and arguable a worse one. I still had fun after that update though, and some of the more recent updates have made the game pretty fun. I wouldn't recommend going into it alone though, it can get a little boring due to the combat simplicity in PvE. PvP is really fun though and is actually decent. The only problem is that the servers seem to be a little outdated, so 40+ player battles lag the shit out of the lightest server. Crafting is super unique and fun, but takes A LOT of time and patience. The higher ranking items can take days to make and require a huge amount of blatant luck. It was fun for a time, but you got to move on to bigger and better things.
That leads me to the Old Republic. A lot of people are skeptical about it, including myself, but recent interviews and trailers actually make it look REALLY good. The classes are very detailed, the character interaction and story is amazing, and the PvE looks great. The only problem though is I haven't heard anything about PvP, but there is going to be a lot of space combat, really good space combat at that. The only big factor is that it does seem to be a WoW knock-off, from what some of my other friends have said. I can't really comment on that XD.
Official My Little Pony: Friendship is Magic Star Wars the Old Republic Guild