Well last quarter (the quarter ending 12/31/11) it was more than. Anything beyond that statement would have to be conjecture, though it has been two months since then.
But my personal conjecture is that the subs are dropping. SWTOR is still fresh out of the launching tube, and that quarterly report was given when people still had a free subscription. Plenty of people publicly admitted they were not planning to continue paying for the game when their free subscription ran out.