Not really, I paid for a product with reasonable expectations to test out some of the available Alpha features. I played for a while, then a hacker deletes everything on the server. So my ability to test the available Alpha features was interrupted due to a security flaw that allows 3rd parties to make drastic changes in the game. Obviously, this should be addressed immediately. Is this acceptable? No.
Please understand, It's not all the hacks that get me riled up. There seems to a big difference in a hacker being able to affect their own character (aka, walk through walls, no recoil, light hack, ESP) and the ability of a hacker to affect everyone else (suicide hack, delete items/boxes/bed). I am saying that it's a way bigger (and more unacceptable) problem when a hacker effect the entire server. Not just some dumb no recoil hack or something, this was a "delete everything on the server" hack.
You know that the cheating problem is actually being addressed right now? It's called cheatpunch and I heard there is a large thread about it.