Hello!
It does seem as if the update pushed away a lot of members, but also the age group that used to play this game. A lot of the people who used to play have grown out of the game - but the new update, at least according to the current staff members, should bring back some life to the game and attract new players!
All-in-all, yes, the game has died a bit - but if the staff can pull off what they are planning then we could see an influx of new players!