Update! April 11th, 2009
As promised the server WILL be online this weekend. We are currently working out the last of the bugs. We haven't released any downloads yet because we're waiting upon the client to be finished by one of the developers. We have fixed quite a few issues. The first week of release, the server will be under a Beta. This means that more bugs will probably show up, and if some show up, please don't spam the development team with questions about when it will be fixed.
IF you discover a bug, please report it to the Development staff immediately!
[GM]Zero <--- Thats not me
So... ye they are working on it .