I'm with Racil in regards to the server needing an overhaul to meet today's standards, but the foundation of the server (the economy, job system, Kingdom system, housing system, pet system, races, etc) are still pretty solid. It is the only other server I sunk significant time without holding a staff position there.
I think it is an ambitious project to take on. I'm not sure if Kamaeru is the right person to lead it, but if he can get past the idea that the server is perfection, it could turn out to be something really great.