Currently the server is old world, with only Fear and Hate opened of the original planes so far. The admins plan to open the first two expansions at roughly 1 year intervals (Kunark is expected to open sometime in October, but no date has been set by the admins). I am not sure what will happen once Velious has been open for a while, but that is an issue for a couple years down the road.
As others have mentioned, the server's got a good sized playerbase and relatively little problems with overfarming and spammers. The Admins and Developers are very active in the community and try to work with the players to resolve issues and to make adjustments when necessary (and possible, given we are using the Titanium client) to make the game as close to how EQ was originally as possible.
The best thing is that it's free, so there's certainly no harm in giving it a try.
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