This is the full release. The Idea of early access only works if its not something everyone has.
So why do they call it early access then? Because they hope that by Tuesday things have settled down and the queue will be better. This would mean they have a good release in the eyes of Media and Their own Company.
The Idea of early access makes zero sense if basically 99% of players have it, its like "Fly with me joke"
Would you like to have a fast boarding pass to the plane?
"Yes"
Great here you go, we sold this to everyone today!
Its not Pre-boarding if everyone has it, and its not pre release if everyone has it. I have yet to meet a player who is in EW range and did choose not to buy early access even those who are not in Level range got it for the Earring.
SE not only knew this but they did further throttle the game to have the server stable, Downloads were down to 0.04mb for many players and queue times of +4h are just simply not acceptable. They walked into this knowing it, made bank ... and said "we are sorry its gonna be like this" which costs them nothing.