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Playing on Virtue or Freedom is your best bet to find players of all levels. Admittedly, the game is at an historical low population-wise, but there's still lots of activity on those two servers especially during prime time.
Also, the Winter Event is coming up, which should see a population increase.
Champions Online, AE, AE nerfs, PvP 2.0 and the failiure of Issues 15 and 16 to attract very many people back have all contributed to where the population now stands. It's too bad, CoX is still one of the most solid MMOs on the market.
I think CO and CoX are splitting the same like-minded audience. Maybe there just isn't a market for more than one superhero themed MMO (even if there's plenty of market for sword and sorcery themed MMOs). I'd like to be wrong about that, though. More games is always better than fewer.