The problem with servers are there are so many possible problems that can arise. Even following the best tutorials you can still encounter problems.
I noticed you are using 127.0.0.1 as your IP. If you are on a lan I'd use your lan IP. When you use 127.0.0.1 just presents a host of problems (my personal experience anyway)
Worldserver is failing to connect more then likely your problem is in your eqemu_config file, can you post it please if we can have a look at that we might be able to assist you better. Naturally leave out your passwords
