The thing with the private server is that, the last people that are going to put out one are probably going to be the Devs, because they are under a whole different level of professional and legal scrutiny in the project.
And unless they want to retire from this career and into possibly jail, I don't think they'll make a private server. There is, MAYBE, some TINY CHANCE one of them has some/most of the code lying around, somewhere. There is, MAYBE, some TINY CHANCE one of them has enough they could make a private server. But we'll never see it.
Because chances are, I doubt that NCSoft gave any ONE developer access to EVERY piece of the server code. I'm not a coder myself, so if somebody that is tells me "No, you're wrong" believe them, but CHANCES ARE that the game isn't one giant block of software like what you might be used to with say, a console game. It's probably a bunch of different applications doing various different things on different computers. And even then, for safety and legal reasons no one developer probably has access to the entire thing at any one time.
Political arguments aside, at the end of the day, NCSoft were the owners of the code, and it was in their best interest to keep it as under wraps and secret as possible. There's probably little reason why one set of eyes would need to see all of it at once. I mean, again, you can make the argument that the people actually doing the work should have more rights to it, or the people buying it should, but that's not what I'm doing.
The thing is, somebody like Tony V can make his own code to emulate the game, and it'd be somewhat semi-legal because it's still HIS code. In the same way that if I draw an Iron Man drawing, I don't own Iron Man, but I still own my DRAWING.
But Paragon Studios don't have as many legal rights to their own code and work, because that was part of their agreement for working at the job. They're under, I almost guarantee you, various non-disclosure agreements and the like.
So basically, them revealing the code to you, is tantamount to corporate espionage, which is both illegal and guaranteed to end their career in this field. Tony V isn't/wasn't a member of Paragon Studios so his entire situation is completely different (and also what he's delivering is different as it's his own work, not NCSoft's code).
So like the man said, if you don't see it, don't believe it, and even then, I'd still doubt it'd be the original code.
Also, most of them had like, what, a weekend to clear out their offices?