The announced server merges are now underway. But it's a drastic merge. Of the 25 US server, only 6 will remain. 13 European servers will become four, 6 German servers will become three, and four French servers will become three.
I've played this game till level 60 (Necromancer). It was a lot of fun in the beginning, but towards level 60 it became very tedious, so I finally quit. Too bad, cause the graphics were amazing, and the idea for the guilds, warmounts and fortresses were pretty cool. Hopefully they will still release the 360 version of the game, so things will pick up for them again.

Check here for the full server merge list.