Well, if my $0.02 matters...
If you're not playing the game the same way it is installed and running on the server you're "cheating" regardless of how you want to put it it all just semantics anyways. You know the old saying, 6 of one or a half dozen of the other. If you really want to fly a new ship or use new guns you can always fire it up in SP and have at it, there is no good reason for doing it on a public server (period).
I really don't get the cheats in the first place, you can make a legit million in what, 3 hours? Maybe less if you don't chat with the other players, but then why go online? As for the ships and weapons, a fully loaded very heavy fighter might as well be invulnerable, with a class 10 shield you can almost sit still in many systems without the AI ever getting through your shields. If you're just bored with ship you can allways *gasp* downgrade, only person stopping you from doing that is you.
Anyway, I guess I'm preaching to the choir here so I'll stop, just one quick opinion question...
If another player is using a money cheat and you happen to catch them while they are at level 38 but still flying a Starflier with two Justice MKI lasers, is it wrong to stomp on them... repeatedly... until they get sick of the server and leave? I hope not because it sure is fun to "ruin" the game for them (for a change)