Nah. Those games that let's cheaters still play the game, even if it's only against other cheaters, are doing it wrong. Cheaters should lose access to the entire game.
The only thing that should change is all bans should now be hardware bans since creating new accounts with New Light will be too easy, and not really cost cheaters anything.
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That being said legit player have to be protected since they do occasionally get charged falsely of cheating
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There is only one known instance of that happening back during the beta. If you read the PC Support forums, you will see a lot of people say they were banned wrongfully, occasionally BNGSecurity will reply and tell them exactly why they were banned.
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This. Hardware or even IP Bans are needed.