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The real question: not "is the population dead" - it is how to land in races with humans and get friends into the same lobby on day one. Matchmaking fills existing races first, then needs at least two unique searching players to open a new one.

1How Matchmaking Actually Fills a Race

2Playing With Friends Right Now

3Decision Points

SituationDo this
Want humans fastQueue Quick Race (12 slots, short commitment) over a six-race Tour.
Duo party waiting for a new lobbyIt will not start without a third unique player. Add a friend or accept landing in a running race with room.
Podracing vs speedersPods cap at 8 and cannot mix with landspeeders, bikes, or skim speeders. Thinner human pool means more AI fill at off hours.
Want private leaguesNot possible yet - public matchmaking plus the upcoming 6-player party is the only path.

Mistakes That Waste Queue Time

Population verdict: healthy at launch - Steam peak plus consoles share one crossplay pool, and AI keeps races running when humans are short. The practical limiter is the 3-player party and the "third unique player" rule, not empty servers.