Star Wars: The Old Republic Legacy System Revealed

BioWare Austin's James Ohlen paid a visit to the official Star Wars: The Old Republic forums to announce a new "Legacy System" that they'll be incorporating into Star Wars: The Old Republic, which essentially boils down to a player-chosen last name that will be attached to all characters on the server. This sounds fine to me, though I suspect that it will lead to a lot of names that closely resemble the last names of popular Star Wars characters:
This build has our first iteration of the Legacy System! At its core the Legacy system is about allowing players to create a family tree of characters. Family is pretty important to the Star Wars universe, with the Skywalker family having one of the most interesting dynamics in movie history. This version is just the foundational components that we will use to build upon in the future. Here are the features of this iteration:

'¢ Once your character has completed their Chapter 1 storyline, they will be able to choose a Legacy Last Name. This Legacy Last Name must be unique and is shared across all characters on that server - so choose carefully!
'¢ Once you have unlocked your Legacy, any and all characters on that server will now contribute to that player's Legacy Experience Points. Much like normal experience points, when you reach certain Legacy thresholds, you will increase your Legacy Level.

We already have plans for how we will expand the functionality of the Legacy System in one of our major post-ship patches. This will include being able to shape your Legacy's family tree, and give you a reward for all those Legacy Levels.