When playing games like HoN, LoL, Dota and FPS games then it's a must to use some kind of voice communication (Every 1/10 ofa second is crucial). Also in fast faced MMO pvp games such as WoW arena.
In EQ pvp I wouldn't say it's a must, it's so freaking slow paced and spells got like 5 second cast time. You'll be fine with using a few macros for moving, assisting, targets and calling out when important spells land.
For PVE I've never prefer using voice communication even if I have for the last 5 years. It makes players/people dummies, they get so used to following your orders that they can't think for themselves. The ideal situation in a raid is that everyone know beforehand exactly what to do in every situation. If you have to tell people what to do mid fight then it's often to late already and they might not be fast enough to adjust to the situation. Telling people what to do in text is also an advantage since people understand text easier then voice, they can also re-read it if they aren't sure or if they went afk for a short moment.
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