http://wiki.eqemulator.org/i?M=Wiki <--- this
Find AKK's Windows Installer... very quick and easy. Installs everything you need.
Open a few ports on the router some minor configs and you should be up and running in about 30minutes.
There are plenty of servers around with a whole host of different configs. Shameless Plug >
http://karanaeqemu.weebly.com/ ... but you can you whatever you want on your own server which is how i started too!.. any questions i'm happy to help.