I'm sure Sony is aware of this server and the emu community and don't care.
As far as the file? If you think about it too much, sketchy yes. If you think about why they did it? Pretty obvious to catch and detect cheating.
This team doesn't strike me as a group that wants to throw away it's project over ripping people off. He can do something sure with more time and effort to steal... something from you I guess. The point is, he'd likely be caught and, further, he'd never run another server on eqemu again.
Chill out.
I'm cool with it as long as only Nilbog and Rogean have access to such things.
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