Have you read some of the posts under General::News?
http://www.eqemulator.net/forums/showthread.php?t=18389
http://www.eqemulator.net/forums/showthread.php?t=18555
The devs are working to get it live compatible as soon as possible. There is not an ETA, it will be when they are ready to release it...and most likely, once it is released, two days later Sony will patch again.