The current z-axis issues are frustrating, but I have confidence that the staff will address them quickly. Barring that, I can't really see a new, compelling reason to not play on the server. Just don't be surprised if you end up being punished as a result of not being able to follow simple rules. if you can't resist constantly provoking staff members in every medium available to you or boxing more than three characters, this might not be the server for you.
I've played on the server since it was in the alpha phase of testing. I've exploited bugs, I've been caught exploiting bugs by members of the staff. Guess what? I owned up to it, stopped doing it, and my account is still open. The moral of the story is that if you act like a rational human being and treat the volunteers running the server with respect, (as difficult as this seems for people to do when they're logged onto an EverQuest emu) you're going to be fine on here. On the other hand, if you're caught boxing more than 3 characters as someone with a history of breaking the rules, and threaten to DDOS the datacenter that the server is hosted in, you're going to get yourself and your friends banned.
Funny thing, Furst linked a post earlier trying to demonstrate how ban-happy and unfair the staff is. If he'd only read the thread to its conclusion he would have found that there was a mutual misunderstanding and the issue was dealt with amicably. Nobody ended up banned.
edit: And this post isn't meant to convey that the staff here is infallible either; I disagree with some of the decisions that they've made thus far. But, you have to understand that there are constructive avenues to address said decisions. Spamming their forums with nonsense isn't one of them.