All those F2P's and Preferred players can sub if they want to play. Boom, population problem gone.
The stringing chapters thing? Bioware asked the player base before 4.0 launched if they preferred regular content updates or larger, less regular updates and the player base elected monthly updates. Unfortunately monthly updates didn't give Bioware enough time to develop other parts of the game (no surprise there). The players asked for monthly updates and the game suffered for it, just like everything else the player base has asked for.
As for millennial scum? They've been sabotaging this game since launch with their incessant whinging. This game will be far better off without them regardless of the lost revenue.