It would appear most people's accounts are active see this
thread. I downloaded the Launcher and the game is a 6.5 gig download. You're able to access the new Player Housing area as well. You can access the new area via a gate in the NW Corner of the Guild Hall.
I logged in yesterday and maybe I'll log into today, but I'm not sure if I'm going to start all over again. Project 1999 I believe meets a lot of our needs when it comes to our original experience with EQ.
Project 1999 has done an amazing job to fix/update EQ while providing a great playing environment. If I decide to play with any frequency I definitely remain here.