With the update we will be getting a new map with a brand new AWESOME spawn town. So that is why 'I' have been holding off putting extra work into the old one. This new map will also include a new official texture pack to use with the server. You will not be required to use this texture pack but the spawn town will look like shit without it. We are working hand in hand with the creator.
We will update the new map and server once IC2 SMP for 1.8 is out. Then we will add the newest stable version of BC and Redpower. I will host a fun celebration contest during the first few weeks as well, the details though are unknown.
I am currently beta testing IC2 SMP for 1.8.1 right now.