I can't speak for the tens of thousands of other EVE players or the role players on this forum, but here is my take on this.
It was never about what is, and what is not, usable in an IC way. It's about what's happened to the EVE Online universe and the setting in it.
When I started playing EVE had a setting with 5 major Empires, 4 playable and a multitude of smaller factions between them. Some allied to specific Empires, some independent, some lawful, some not. The Empires all had different flavors, different styles, different ideas and different ways. They all had their quirks and negative factors and past wars and interactions with one-another that sometimes went smoothly, many times not.
Things happened in space, things happened in the news, players did stuff and sometimes it was reported. The universe felt alive, moving, tangible and REAL. These were human societies lucked down with their different ideals and burdened by their different histories and tales of how badly they had fucked each other over in the past, even if they did officially have peace... at the time. Human societies doing human things with their bit more/bit less than human capsuleer prodigies doing whatever. It was believable, it was nice and in many ways, somewhat simple.
Today, due to a variety of reasons, we have what one player on these very boards refereed to as "A cheap space opera". An opera is usually about some large, grand goal and events far beyond 'mere' humans. This is what EVE has become. All the different factions, all their nuances, differences, ideals and means have been used, twisted around, morphed and sometimes down-right fucked over all to deliver this 'grand epic fucking story' and one can't take a single step without finding something that's either a relic of an abandoned setting and story or something that's a small piece on this grand, majestic opera setting. The empires are catalysts for the epic storyline. There is more than it seems going on. EVERYWHERE. Old ideals and settings are constantly pissed on to make way for what seems convenient for whatever the next big reveal is.
I miss the news that was not some build-up for some major event, but just news, tid-bits of things happening in a universe of humans trying to get by from day-to-day. I miss the human Empires, I miss the clear-cut ideas for what who and what stood for, I miss the time when this whole universe was not just... a cheap B-grade thriller flick, instead of an A-grade story of life and how fucked-up it can be at times. I really miss that.
Apologies ahead if I fail to make myself clear. I'm not even sure myself how to say this so I'll leave this here before I rant on.
In closing in like to state that everything is not entirely bad. I'm just the nostalgic who would like to see some semblance of 'normality' descend on EVE again.