I have already tried the EthernalQuest 0.3.2.1 and I must say that it looks ok, but I will not use it.
Reason : I find too many annoying things in EthernalQuest, like having to put coordinates into the #zone command. I have played EQ for a very long time now, but I do not walk around with the coordinates for eg. zoneins for every zone
There are also some other bugs that annoys me, like the inventory not always functioning, etc, etc.
I prefer using EQemu 0.1.7 instead og EthernalQuest, and that pretty much says it all (using 0.2 now ofcourse, hehe)