Would you play on red if:

[Naprox]

Although I've never tried PvP in EQ, from what I've observed about the game mechanics and the fact that many forms of CC are negated on Red as I understand it, I just see no reason to put much effort into it.

There are plenty of better MMOs out there that were specifically designed for PvP as their primary reason, with much better mechanics. Dark Age of Camelot comes to mind as one if you're looking for something that is both PvP and nostalgic.