First Test : Anti-Cheat
You can still edit your XML file still same effect however on the second round you'll get kicked.
Result: Nice but needs improvement.
Suggestion: If the server encounters cvars, attributes, global vars etc... whatever... that deals with MP, server side defaults should always prevail and client defaults should always be ignored.
Second Test : Serial Number Generator
Damn. All I can say it has nothing to do with crack ( I could not test a crack version as I don't want to waste my bandwidth for 6 or 9 Gb file just for testing I live in a country where bandwidth is expensive too much corrupt telcos). Found a website that generates Crysis2 keys. Damn. It really works.
Result : Serial Key Checks is a failure
Suggestion : Needs new algorithm
Crytek. You should release a patch to address these security issues.