Not really. You have a situation where 1/4 of the game population is trying to login and create characters at the same time. This will NEVER happen under normal circumstances, as in not even close, by like a factor of over 9000. I'd be concerned about where SE is putting it's resources if you weren't experiencing server congestion on the lobby servers right now.
Edit to add: all statistics are entirely made up with completely uneducated guesses, but I'm sure they're right. Edited, Sep 21st 2010 9:47pm by Yodabunny