ESO has been out since April 4, 2014 as a subscription based game. They changed the title and released it for the consoles now June 9th. The sub was dropped and as of last month only had roughly 7k players.
I played it when it came out then, quit before the free month ended. Game is cool at first, but got boring pretty fast.
This is nothing new.
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People seem to have very unrealistic expectations. They seem to want a game that they can play forever... but so far only very few games managed to keep a high playerbase over several years. Lets see what Comet will bring... and lets hope that it actually delivers content with replay value.
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This.