There may be a couple of people looking over them, but I doubt many people (if any) will be banned. Even if one was to be banned, we wouldn't hear about it on this forum, unless they registered before the registration was closed.
If others are still submitting reports as you are, imagine the pile that still has yet to be looked at.
Then there is the issue of the evidence being sufficient enough to take action on.
The workaround was their last ditch attempt to allow PC players to avoid the hacker lobbies. No matter what Gun did, the hackers were still going to be an issue.
Resident Evil: Resistance has similar issues with troublemakers. So do most other games in that style.
I do applaud the effort you've made to try to clean up the PC player base.