Welcome back! This server will never advance past Velious. There has been some chatter about a new server opening up one day that go through classic/kunark/velious at a live-like timetable, and that one would potentially go on into classic inspired custom content, but that is far flung future stuff.
As far as red (the pvp server), well a good majority of the population resides on blue, but red has a devout following. My suggestion, make your families main characters on blue, and then hop on a red character occasionally when your wifes not playing to test it out and see if its something you enjoy.
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