It's fun to play. It's still Glad Giraffe, a new stable version has not been released. Consequently, everything said on this board so far still applies.
If you want to follow the development cycle closely, I suggest you get it from Steam since otherwise you're looking at a few to several months between updates. There is a trade-off, though, since the steam client itself is such an intrusive resource hog.
It is a fairly intensive game, though. If you're hoping to run a multiplayer server count on keeping your max players low or build yourself a very robust server. The more people you have on one server, potentially the more worlds the server has to keep in memory and run.