You can download the binaries here directly:
http://code.google.com/p/projecteqemu/
Just get the Rev408.zip and you won't have to worry about compiling anything as long as you are running on Windows.
Most of the rest of the info you need should be in the server setup guide here:
http://www.eqemulator.net/wiki/wikka...ka=ws992mysql5
If you need help at any point along the way while following that guide, feel free to ask
