The trouble with splitting the population isn't the endgame, it's the new players and alts that populate the early to mid levels. Split them and each blue server will seem horribly vacant till you're over 40.
If you ask me, the solution is for raiding guilds to play on Red some more. Red is wide open and a large guild could easily assert control over zones and mobs, vs the few PvPers already on Red. Instead they bitch and whine within the safety of blue and wait amazing amounts of time for the chance at mobs on blue.
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Frog blast the vent core!
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