Today, reader John Carver kindly wrote in to let me know that this blacklist is indeed defunct and has "listed the world," installing a wildcard DNS record with the result that if you use ybl.megacity.org in your mail server configuration, you're going to reject 100% of your mail. Query of any domain or IP address under ybl.megacity.org will result in a "127.0.0.2" positive response, that will make a mail server think it should reject the email message in question.
If you use ybl.megacity.org as a blacklist in your mail server configuration, I strongly recommend you remove it immediately. The list is long dead, and use of the list will result in you accidentally rejecting 100% of inbound mail.
As recently as 2006, the DNSBL also responded with text warning that it was defunct: "521 The IP