It's playable, but there's nothing to do.  I've had fun with it, but I can have fun with a rubber band.  If you forget all the bullshit with the devs, my main critiques are:
1) Server hopping is shitty, there isn't enough incentive for roaming location to location, you can just find an out of the way spot to camp out and switch.     +++POSITIVE: There's a 10 second countdown on disconnect, so you can't alt+f4 out in panic.  ----NEGATIVE: YOU CAN'T CANCEL THE COUNTDOWN FOR SOME REASON, haha.  Had a guy, i heard his footsteps coming, i'm like oh god oh god cancel.  just watched him come up - i had the jump on him, he didnt notice me, and i watched him derp around for 6 seconds, turn around and shoot me, then instantly DCed.
2) 3rd person has a crosshair, but 1st person you need to use ironsights -- ???.  Fuckin nonsense.  Get rid of the crosshair entirely, or remove 3rd person entirely.
3) The noisemaking is awful.  Sidewalk is super loud, while the pavement on the street is 100% silent.  Dirt/grass is silent.  Rocks make metal-clanging noises.  For this being about 80% of the game, its pretty ridiculous.  That's excluding the bug where if you hit a wall or the ground with a hammer, about 1 in 5 times it makes a bullet ricochet sound which freaked the hell out of me till i got used to my friends bein dickheads
4) The dev shit...  Instead of being fixed, its probably going to hit the fan more and more by the day.