Take it from someone who has experienced HTC's wrath on hacks and cheats, it is not tolerated one bit. I simply posted a troll in a thread about inducing warps and got my tail banned. Why? Because, as HT told me on the phone, accusations of cheating are just as deadly to an online game as actual cheating. If someone were to post a warp-cheat, even if it didn't work, people would still scream "cheat!" on every plane that takes a sudden warp and soon there would be pandemonium.
I also remember someone posting a link to a cheat site for online games that affected the packets in some way and HT responding on the boards that he had to ban several accounts for using it so evidently he does have software in place to monitor these things and I'm sure takes swift, decisive action when proved. They don't post or announce the bannings to the community in general but without a doubt they are policing the game.
I learned my lesson well. Think someone's cheating... film it, mail it, and then let HTC take care of it. Anything else such as screaming on channel 1 or coming to these boards with accusations does nothing to resolve the situation and only takes away from the community/game.