No idea about that since it is so old already, but I can see that many people have dedicated their efforts in designing their own farms, and even until today there's still a handful of people playing Monster Life (at least this is what I have observed in MSEA).
Also, Monster Life only exists in KMS, GMS and MSEA. I do think that Nexon have been considerate when implementing the contents in their regional servers like how Auction House and Bamon League are only exclusive to KMS and not to mention that Reboot world is entirely excluded in MSEA due to its alleged buggy and chaotic situation in other servers.
Speaking about Bamon League, do KMS players still bother about it to date? I wonder how these monster collection systems are going to conflict with each other considering:
1) KMS has its Monster Collection system newly released in Heroes of Maple
2) Both GMS and KMS have Crusader Codex
3) Both CMS and TWMS share their own monster collection system, more info here:
CMS TWMS
Also, I found out that the monster collection system in CMS/TWMS is the best of both worlds because not only you can collect your monsters as usual, each monster has its own potential and you can summon the monsters to aid you in battle like Crusader Codex, you can even upgrade your monsters by combining them like you do in Monster Life. They even incorporate potential system in it if you want to get the highest possible potentials for your monsters.
In short, this monster collection system is a substitution of their missing Crusader Codex and Monster Life. So in my opinion, if Nexon wants to omit Monster Life already, they could compensate us ML elites through this new system, just that this system has its flaws as well, i.e. it contains some pay-to-win elements (you gotta pay if you want to get higher-tier monsters).
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