Yeah, it is pointless, because Crytek could care less. Again.
Actually I've sent 4 videos via PM to the devs of hackers, and almost instantly got a reply. Crytek have done a great job with the anticheat, and are continuing to monitor and ban cheaters every day. So actually I think Crytek does care, a lot, and it shows with how good the anti-cheat is..
@OP, cheaters are very annoying but are very rare, so i'm sorry you had this issue, The best thing to do would be to record some footage of the cheating and PM it to fellblade, see here: http://secure.gamesas.com/forums/viewtopic.php?f=65&t=59890
Or if you do not want to record, simply joining another server would be the next best option. Cheers