Well, Cartel Market and recent updates are making sweeping oversights regarding crafting. While I've always enjoyed crafting, I wouldn't rely on it too heavily for a while, either for income or entertainment, until the cartel market comes into its own. My guess would be for the first expansion (Makeb?) before crafting gets a serious looking into.
You can still make a ton with augments but it's much more involved.
As far as the campaign stuff; it's not worth it, especially since they're currently 4th BiS compared to 63 modded shells, dread armor, and 61 modded shells.