If you've entered an instance and received the message "Additional instances could not be launched. Please, try again later," you have seen first-hand the new instance performance balancing system that has been implemented to limit the total number of instances that can be created on each realm. Wryxian on the official European forums has supplied the following information :
This update instituted a load check that limited opening of additional instances. This will result in throttling of some instance creation. ... Ultimately, we felt that some wait time for players attempting to create a new instance was better than causing bad performance for all players in instances.
Wryxian also said Blizzard will continue to collect data and their ultimate goal is to remove the instance limit. You can read the full post below.