SL is still a thing. I was once paid to write a robot that wandered around SL classifying the goings-on into perversions/other. If you've ever seen SL you know that ratio.
Given that my legitimate, above board enterprises never went anywhere because 98% of the population was on adult islands getting frisky, I don't know about crying shame.
That game was a depressing look at people. I don't mean this to sound like I am not a fan of sex, but Christ, there are other pleasures in life and that game seemed like a single track mind.
A few months ago I got a haircut from a middle-aged lady with a subtle Mid-Northern U.S. (Minnessotan? Dakotan? Yooper?) accent who - in response to my responding to her "So what do you do for a living?" question with "computer programming and repair" - spent the entirety of our time together talking about how much she loved to go on Second Life and hang out with people, interspersed with various remarks about SL clients infecting her computer with viruses and being unsure how she could better protect her computer from said malware.
