Is EQL still an MMO?

I'm wondering how I feel about the game, I'm glad people are finding nostalgia and achieving their dreams even if it's in the D0-D2 category but I'm wondering if this iteration is really an MMO anymore? It seems people prefer clearing D0 solo than teaming up to raid or really push themselves.

Again I'm glad people get to do this but would this be the game for me if I'm looking for an MMO or should I be better off waiting for Monsters & Memories?