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I played DF 1.0 for the first 8 months after release. It was the most fun and frustrating game I ever played. Tons of cheaters (our guild actually enforced a no hack policy), everyone botted to skill up, and crafted naked for hours on end. I nearly quit the game in the beginning, but finally was taken in by a clan who helped me play the game. We had a great hold near Frostmourne (I think it was called). Tons of awesome PvP battles. We all gathered daily and contributed to the guild. It was a top competing guild for months.
Then one day, we all logged in, and we were all kicked from the guild. Our leader (a Dwarf whom I can't remember his name) literally gave everything to a rival guild and joined them.
After that, I kinda figured what was the point, with all of the botting and hacks that were going on, I finally just quit cold.
I bought the game and am downloading it now. I hope Adventurine has improved the game. I did enjoy the crafting system and the mass PvP. The FPS system was lacking and hopefully they fixed the exploits from past. Looking forward to finding out for myself.