Playable and not even particularly light on content, but messy and plagued by poor performances in some areas no matter your hardware.
There are moments where you can get almost the feeling of being already playing something amazing... Then the AI craps itself, NPCs start glitching instead of acting properly, servers crash forcing people to reboot, etc, etc.
I've said it before, but my biggest problem with this game is that nothing ever seems to get finished. It typically gets to "works mostly, most of the time" and then attention moves on to the next cool feature. I honestly think that if they locked off the scope at just what exists now and went into "no new features", just get it all working" it would take 5 years+ to get it to the point where it would match even the current standard of (typically buggy) "V1.0" releases.