The fact that maximum raid size (if it hasn't changed) is just 18 people, and even back when it was more active usually 90% of our raid were boxes, shows you the big problem that server has always had is it's low population.
But I think the even larger problem with SoD is, that it went through an evolution not unlike other MMOs, mudflation, the loss of the original content developers etc. And because of the boxing and the amount of expansions and content updates, it is really difficult to start there from 0, if you do not bring a couple of friends to do it together with you.
Don't get me wrong, if you can find a few like minded individuals and embark on the journey together, raid content is really interesting and unique, there is LOTS of it, and it will keep you busy for many months!
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