As an Old EQ'er I was sucked back in when STEAM had an everythng pack for $1.99 ya 2 bucks.. I played it for the free month.. the Steam offer had tons of new players, but EQ is simply not as easy to play as many of the "new" games and i noticed alot of questions in chat that nobody answered... I enjoyed it for a few days but EQ's flaws (features in the old days

) show rather quickly. Again I loved the game in its hayday.. i was addicted ( yes i say addicted) for 7 years.. but while they have upgraded and changed much, its just not up to the challange anymore.
If you want to relive the old days, not going to happen. Hitting any of the major traffic spots its a ghost town compared to even the end of its glory days. As i hit the old zones many, many had ZERO people..In the end it appeard as stated above, onlyh the old school are still int eh game.. high level stuf had people.. but even if it takes 8 hours (sorry i must suck i played about 40 some hours and was level 20) to get to 50... you will be doing it alone. Probely do 50-60 alone too..
the good news is there are so many great F2P MMORPG out there now with full comunities, and some even have pretty good player bases. Even bigger upside is it will be NEW to you (if you where an OLD eq'er). Not to steer you away from EQ.. it was the most fun i ever had in a MMORPG when it was new.. you cant relive those old days (even in a new game) no matter how hard you try.. At least I cant.. But i ahve had a great deal of fun trying new ones..
Runes of Magic- very wow like
Lineage II- now F2P well.. the grind is like old EQ at least

Alods- impresive graphics, WoW like but one of the better ones
AD&D- great game, even better with steady friends to play with
LOTRonline- may just be the best F2P out there..
Vindictus- if Final Fight (arcade game) was a MMORPG.. lots of action, littel RPG but fun.
Star Wars is going F2p i hear (or has) I would recomend taking a look , it was fun, if a bit stale after the new paint shine dulled..
Star Trek Online is quite good, (if your a fan) but really results to just two play styles.. ship combat and Away missions.. some see it as very dull, but f2p, why not take alook
Guild Wars II- pay for box, but free after.. is currenlty holdingmy interest.. wont say its new, but they have desguised the same old features better then most so it seems pretty new for awhile.. and its got somthing that makes you play just one more hour. Again nothing new, but not to bad..
tons more..
Perfect World (grindfest, but pretty)
Forgotten World- same people but a copy of WoW (notice a trend here, how so many copy it).. i enjoyed this one a bit too
Terra- not F2P yet.. but my guess is it will be soon.
the list goes on.. many more.. I guess my point is, why rehash an old game when you can try so many new free ones?