I would say, everybody chill. When I heard about all the multiplayer connection issues going on, I figured it is going to be a month after release before it is working, so for now I just familiarizing myself with the Demigods, the gear, and the various upgrades.
So does that mean the game is dead? I don't think so... I think it was just released prematurely. But I think it has strong backbone of what will one day be a very solid and fun game--in contrast to something like Dawn of War II which had more polish on release but is a hollow trunk of a game. And I'm pretty confident Stardock and GPG are gonna be around until it's fixed. Well with this economy I hope so.
But quit expecting things to be up and running Monday, or Friday, because these things take time, and the more deprived of sleep they are, the slower it is going to go.