So the main site says this:

Date: 11.17.2007 Subject: Login Issues Update

Hello Knight Online Players,

All of the login servers are up and running at this time. The Knight Online Team will be monitoring very closely to make sure everything is functioning properly. We thank you for your patience and we will see you in-game.

-The Knight Online Team

But they are only letting premium players on for the time being.. guess its time to play warock or maybe break out some freelancer in the meantime lol