well i haven't played this game for 5 months now, but still had contact with a few players, was asked to come back and help see if we can get the game back.
I think it could be possible, with an active admin team, not just the players, many people had alot of problems with the game a few months ago and posted about it, but never got any response, so they just quit.
Maybe not a complete wipe of server, but just the inactive accounts would be good, as it's been made to easy now for the players who are playing, since there are nothing but farms, and don't really give much challenge in the game, from when it first started, Maybe if admin have the ability to email regsitered accounts and delete those who don't respond, as this would also help get rid of the multi accounts, since most use false email accounts.
As for the cheats/bugs, i have no idea whats with them now, but everytime i have spoken to active players, it seems like its only 1 player now that is mentioned when it comes to cheating, i don't have to mention who, as i'm sure most know lol.. So sort that out and i'm sure the game will come alive again, maybe not how it use to be, but at least active.