Cute, there is at least 1 project still out there of someone creating a new client for ragnarok with better graphics of course than the current one, better rendering and all. However it's not completed and I don't even know what stage it's now.
It's a nice idea though, the problem will just be finding enough people to contribute to this new project, there's been talk about it already by non-dev's but the main task for rA right now is finishing up codes and implementing the classes correctly before jumping to the next project if they do decide to take that upon themselves.