Has it been abandoned? YES. In fact, it was never about creating an Oceanic player server. Is was about trying to get non-Japanese off Japanese servers. It's dead and worthless. I went there early on because my time playing coincides with Sydney time, but even in what should be peak hours, the wait for raids (even 8 man) is over 2 hours or, in most cases, never. I transferred back to my original servers.
If you go to New Gridania on Sophia, the only "players" you see are scripted RMT bots blinking in and out around the aetheryte or literally falling from the ceiling and through the floor in the GC headquarters. There's hundreds of them. SQ-E doesn't care.