Yes, but this will be the make or break. I think everyone expects it to be just as buggy as Skyrim, but if it ends up being a cluster fuck it will destroy any future launches that could be this big.
I don't think anyone has any doubts about the games actual entertainment factor though.
I don't expect it to be as bugged as previous releases. they were often fighting against a set timeline. this time it sounds like Microsoft urged them to postpone the release to make sure that the game is more polished. and recent interviews also sounded like there are hundreds of people playtesting the game right now. so I expect it to have less bugs then usual... mainly because of Microsofts involvements.