The updates are really just bug fixes though, and it wasn't a "total graphical overhaul" Badspot just added in some cool effects that you can choose to have on (if you have the right specs.)
He got rid of terrains and interiors, an important and integral part of the game for 6 previous years before the update, so it's a pretty damn major update. 4 years later it may seem like 'some cool effects' but if you were around for the release of shaders you'll remember how insane the hype was. It was a step forward for Blockland. Some people still haven't stepped forward. I say forget em.
And even if the updates are minor it shows that Badspot is still involved with the community and that the game is still in development.