Hey
I had similar problem when I tried to run the game with my new laptop sony vaio and the solution was :
1 Running OptionsEditor.exe ( eq client folder....)
2 Deselect ALL settings
3 Loggin into eq with old graphic.....Funny
4 Camp
5 Restart Launcher
6 Changing settings ( video,texture...)
7 and log in !!
If it can help you........ let me know !