It seems you've pretty much hit the nail right on the head. It's disappointing to see a Bioware-made sequel to KotOR going in that direction but I suppose that's life. Once I've finished experiencing the stories with my friends I'll likely move on to other RPGs. I'm hoping that Dragon Age 3 will be promising, but that remains to be seen.
I do hope that while I'm here they don't get to class balance. I hate to see characters weakened because of balance concerns in a mode I don't play. Like weakening powers in singleplayer so they can just put them as is in multiplayer.