The drop in active players was foreseeable, if you just looked out the window. I'm not scared of that, although it has been dwindling for a while.
Everything Meg, etc. said is true. I have nothing to add except that the development's state is quite laughable (as in, obvious biases, bullshit, endless dramas among them allegedly, etc, etc, etc.).
The adminship has to do something about the lethargic state of the mod.
It will be a shame to see it fall, but if you don't do something; it will.