Error when trying to stat latest version..

[Kagehi]

EqEmu = EQEmu-0.7.0-1102
MySQL = 5.0.45
DB = PEQ 0.7.0-1102b

Configuration is all defaults for localhost. The DB exist and all the "source blah" commands executed without errors, the name is correct, as is the password, etc. Quests are where they are supposed to be, EQ Platinum is installed, so it can't be missing DLLs, the two spell files are copied over. Basically, while some of the stuff was a bit confusing to get it installed, it should all be set up correctly.

This is what I am getting one running "world.exe":

[Debug] Starting Log: logs/eqemu_debug_world_2068.log
[Debug] [WORLD__INIT] Loading server configuration..
[Debug] [WORLD__INIT] Log settings loaded from log.ini
[Debug] [WORLD__INIT] CURRENT_WORLD_VERSION:EQEMu 0.7.0
[Debug] [WORLD__INIT] Connecting to MySQL...
[Error] Starting Log: logs/eqemu_error_world_2068.log
[Error] Failed to connect to database: Error: #1251: Client does not support authentication protocol requested by server; consider upgrading MySQL client
[Debug] [WORLD__INIT_ERR] Cannot continue without a database connection.

What the heck is going on here? Is there something wrong in the DB servers configuration? Because, the last time I tried that I frelled it so bad I had to pull the plug on the installed server and recreate it. I would just as soon not have to fix it again, since I have more than one DB running on the thing...