Easy question first, no PvP unless you turn in your book and go red. There is supposed to be a PvP server coming, check the PvP forum if you're interested.
I'm in the Eastern Time Zone and population is usually around 800 -1000 when I log on in the evening. In the morning it's more like 250-300. As I remember it EQ back in 1999 got pretty unstable when more than 2000 people logged on. We were up that high when Kunark launched in March.
I'd say the population density is pretty good and reminiscent of classic EQ. People know a lot more now so there's less wandering around and more competition for the good spots.
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