The latest version should be released within the next month, assuming SOE doesnt patch and change the implementation.
Our project is dedicated to the creation of an Everquest server emulator. We have had numerous setbacks over the course, but we are close to releasing a version that is compatible with the latest eqlive client. Please visit our website at http://www.eqemulator.net and click on 5.0 status for more details. Enjoy!