Like others have said, I think "catching up" is a bit of a false equivalency. You won't be competing against veteran players as a new player. There's maybe a sense of having more characters, and the knowledge that you are waiting for certain characters makes the waiting seem longer. I played the game 2.5 years before unlocking Revan; new players who make Revan their goal shouldn't wait that long.
And don't get me started on how many characters there are now that smash the tank raid that are obtainable within a few months of start. Our guild ground out that tank raid for a good 8 months before being able to do heroic; at one point several of the strongest guild members left. I didn't even START to farm GK shards until a year in, a good 10 months after he was released and I thought his kit was the coolest thing ever. Now it's easy for a new player with just one 7* to get into an HAAT guild and get those shards much sooner, because even lower end guilds probably have a lot of good tank characters that just weren't available back then.