http://www.ethernalquest.org/ Just takes from eqemu, eqemu.sourceforge.net is close to being like the REAL everquest, like a month or so more.
Been talking to image lately and the ONLY thing that EQEmu is missing from being the real EQ is a price, some AA skills (Basicly AA skills work), some potions don't work, fights work but not too well, theres loot tables but some aren't correct (The guys in sleepers don't drop anything but money right now.), duels work but not in arenas, almost all spells work... ect ect ect.
While ethernalquest is just walking around summoning items with maybe 5 other people there, no fighting, no spells, notta.
(OH and EQEmu already has servers up 24/7, you connect to a master server or you start your own server, either way its on the server select for EQEmu, its open source you can change some things, you can lock your server, everything you need to test things, er well.... merchants don't work yet so you can't test ALL new macros.)