How "Live" is EQEmu?

[Gibbener]

Hey guys, I have a quick question.

I understand that most of the content now on the Live servers isn't implemented on EQEmu. I believe that everything up to SoL seems to be enabled in the emulator and DB's. Does that mean that EQEmu emulates EVERYTHING up to SoL? The reason I ask is this:

I stopped playing EQ shortly after Kunark came out, and I've always been interested in going back to it. If I picked up the Titanium edition and ran a Minilogin server for my girlfriend and I, would it be comparable to playing the original EQ with Kunark and Scars of Velious expansions? or are there still gaps in these as well?

Also, are the graphics updated according to the Expansions, or are we talking EQLive era graphics where everyone around has the same five faces pasted on to an awkward hexagon?

I appreciate the info, Thanks!

Gib