EQ (especially p99) is much cruder and less forgiving than modern MMOs. It also requires a lot more from you (not just play skill, but in figuring out why you want to play, as there are limited quests, no dungeon finder and many of the classes are quite simple in play). If you don't have any nostalgic ties, playing the game won't be impossible, but you may have less inclination to keep going after dieing, dieing again trying to get back to your corpse, losing your level, and then dieing a third time before finally recovering your stuff (and each of those required 20-30 minute runs just to get back to where you were and costing you another 1-2 hours worth of exp).
If you can deal with that and can find your reason for playing, it does have a lot to offer. The game has real danger (especially at lower levels where high level stuff is regularly intermingled in every zone) and since a lot of the game necessitates grouping (unless you roll a solo-friendly class), the community can be much stronger than modern MMOs. The simplicity of the game also makes things feel like more of an achievement, since equipment is harder to come by and levels take longer to earn.
Personally, if I didn't have the nostalgia, I'd probably already have moved on. But the force in strong in that one.
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