Are you using an AMD machine Veridis? They have issues on windows XP using AMD Dual Cores... causes EQ, among other things, to go rediculously fast and do some wierd stuff... If you have an AMD Dual Core on Windows XP, do a google search as suggested here :
http://www.eqemulator.net/forums/sho...ight=Duel+Core
And download the hotfix and/or AMD patch... Should fix your problems, solved mine anyways.