You should change your question and ask,"would you join a private server today"?.
Anyway what has your freya server has to offer?If it's gonna have nothing attractive adapted no.But it's not only about client.Most admins are unskillfull af,and they think they are professionals while they can't make backstab work properly.And l2 is older than a decade and a half in years,old players won't spend a sec to farm all over again,and new players would possibly find a way to bot easy and sell adenas/item.So unskillfull wannabe admins+part of retarted community,who when lose exit server and if bot doesn't work they don't even play are the main reasons for me that most servers go dead in less than a week.
"Has lineage2 died?"
As a game,no.(sure people move up to newer games/left l2,but not dead yet there are big servers out there to prove)
But,part of community and retards wannabes admins made it like this.It's a deadly combination for a server go dead,so players bored this same shit every time they log the server.