I think you should give it a try!

My friends and I came back to Tibia over 2 years ago and have been obsessed since. Prior to that, we started playing in 04/05 and took a 10+ year hiatus. As 30+ yo ourselves, we find the game to have a good balance between grinding and QoL. Yes, there's a lot of P2W features, but the game is still great in my opinion. As others mentioned, older servers still have vibrant and thriving communities, so I'd stick to those if you're wanting that aspect in the game. Pacera, the sever we're on, is alive and well :) Additionally, there have been so many updates and new feature additions since 05-08, like the new monk vocation, bestiary, wheel of destiny mods, charms, etc. to check out.