If you are set on trying out the SVN builds. ( And I highly recommend it over the 1129 build you can get from the eqemulator.net downloads section. Literally hundreds of fixes in the SVN, some of them major. ) This is the easiest way to compile it. VS 2005 will work fine, It will throw a ton of warnings while it compiles but just ignore them. Check this thread out and download the dev kit. It contains instructions and all the dependencies you will need.
http://eqemulator.net/forums/showthr...QEmu+R2CB+1118
Just download this and set it up as per the instructions included with it. You can skip the VS2008 install if you already have 2005. Just follow the instructions to point it at the dependencies folder. The GUI for 2005 Vs 2008 is exactly the same so no prob there. Download the latest rev on CVS and you should be good to go. If you have any problems with it post back and I'll try to help you out.