Sad to say it but it may be very likely.
I log in everyday to see my giant Guild List/Friends List/Followers list with maybe 1 person on?
Bare in mind all my Guildies and Friends have always been longtime fans. Arenanet has pretty much lost most of their REAL dedicated Fanbase.
They refuse to fix bugs, and don't really communicate or listen to their playerbase at all, so its not really surprising. I hope they can one day change this, the game still has so much potential.