Well, considering we are sentient enough to question the very existance of other life, and our race is only a few hundred thousand years old, (when we really started to form) I'd say there are probably a million other races at our stage, probably a lot more advanced, particularly if they were formed earlier.
And what about the possibility of the more advanced races teaching the primitive ones? We are probably so far away, undetected, that they haven't even found us yet, nevermind the possible billions more. It's arrogant to assume that we're the most developed, to put it simply. It boggles the mind as to how many species could be in one galaxy, then look at the video of the Hubble Deep Field, and you see there are literally 10 000 galaxies in ONE PICTURE. 10 000 x how many stars per galaxy? Times planets? Times species?
It's pretty much logically impossible that we are the only life in the universe. The evolutionary forces that made us how we are are not exclusive to Earth. It's nature, and nature is universal.