Looks like the WTFmen really did resurrect old UO!
The announcment
The Paypal logs
The dramatic IRC denoument
Links courtesy of Waterthread.
Sadly, http://ipy.drtwister.com/ is a dead link as of this writing.
A word to the WTFmen – before too much money changes hands, remember that taunting the Happy Fun EA Legal Team just might not be the wisest thing to do.