After being really down on the living story, I have to say that I'm quite happy with The Razing. Instanced content was really what I wanted out of it. If they can just keep a steady stream over a couple of weeks, it'll be interesting to see what happens. The writing, so far, is more interesting than most of the personal quest, that's for sure.
The Personal Quest writing wasn't done by their writing team. We have no idea why, but they're in control now and it's noticeably better. I hope one of their little projects later on is to revamp the Personal Story... but I doubt it'll happen.