I am normally not one to necro a year old thread... but re-reading this post brought back a lot of great memories of the revitalization of the Everquest 2 Emulator project. Since the eqemulator.net community forums get so many hits a day, I just wanted to remind anyone interested here that there is an eq2emulator.net community as well, since the games are fairly related in concept at least.
The EQ2Emu server core has made amazing progress in very little time. Lethalencounter has turned out to be everything everyone said he was. Excellent dev, patient guy, and has nearly single-handedly built us a working emulator that works with current live EQ2 clients. I got involved in the data side of things back in Nov '07, and at that time v0.1 you could create a character and log in. That's it.
I am proud to say that in less than 6 mos, nearly all the chat, combat, xp, skills/abilities, spawns and object interaction systems are in place. There is still lots to do, but the amazing speed at which things have been developed - by one guy - is impressive. Next up, the quest system!
I hope no one thinks this is out of line, posting here. I'd love to sticky this particular post in your Off-Topic for those who come here asking about an EQ2Emulator, but I would not dare be so presumptuous

We (the eq2emu community) have not really advertised our existence outside of this thread, so maybe it is about time.
http://eq2emulator.net
John Adams
Database Designer - EQ2Emu Project