I'd Play!
You can keep the cash shop in; anything to keep the server running. Keep the updates to 2-2, and if that! I remember pre comodo waiting for crusader class to come out. Monk, dancer, bard was not even in the picture!
Make WoE times different that current times so players can continue playing on renewal, classic and this server. If iRO had this server than mosplayers would come here first before searching a private server that only has updated to pre trans. I have played iRO since 2002 and I quit with renewal. Classic was good until trans update and all the cheats (nodelay, auto pot, etc). So more client security and pre trans server.