I highly doubt that the source code could be found for this game as it never made it to the shelf let alone get out of alpha testing. But if it could be found how possible could a emulator be made of it?
I personally thought when I saw it that it could of given Ever Quest a run for it's money.
Here's a video from the trailer if no one has seen it.
http://www.youtube.com/watch?v=eWumht6AuZo
Btw, I love the drunk werewolf in the video.