Yeah it's an old problem with MMOs that if you join late, it kinda feels like you are treading ground everyone else has already forgotten about.
If you like gear collecting of course, that's all there, whether you join tomorrow or next year.
If it's too expensive for you, I understand not picking it up.
I'd like to ask you to give the game a bit more time before you shelve it and don't let emotion guide you to resent it now. We are just two days away from actually seeing what you can all get/do as a lvl 34.
I guarantee you, there will be at least some things that will be new for you and entertaining for a while. I'm not saying you'll suddenly be glued to the game for weeks or something, but give it a fair chance, ok?