I'm getting this too..installed fresh on a PC that didn't previously have EQEmu or MySQL installed installed, from the original zips too... 
Did the repacked 3.2 have the wrong db? 
 
Gonna redownload and reinstall both....bbiab 
 
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Updated 
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errrr-omg... 
 
Seems (feels) like this db takes a lot longer for MySql to load... 
 
I finally simply waited (after doing source db.sql) and made sure it finished before firing it up... 
 
What a nutty step to mess up, I don't remember this long a wait but oh well..she works now... 
		
	
		
		
		
		
		
		
		
		
		
	
		
		
	
	
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