From my point of view, this is purely a community issue. Espcially as this game is supposed to be all about community. A long early access period just results in fragmenting the launchday playerbase, so instead of getting 500k players on launch day, those 500k are spread out over years. This makes it much harder to achieve that critical mass of players needed to really get the community working properly.
I think that depends on how they do it.
If they’re clear that there will be a wipe before launch then it’s a non-issue.
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Godfred's Tomb Trailer: https://youtu.be/-nsXGddj_4w
Original Skyrim: https://www.nexusmods.com/skyrim/mods/109547
Serph toze kindly has started a walk-through. https://youtu.be/UIelCK-lldo