EQ is a very different kind of MMO compared to modern games. When it was launched, It was at the dawn between MUD, P&P like D&D and first era of 3D games. It very much retains a lot of 80s classic RPG genre that doesnt get much attention anymore.
If you like CRPGs that are redone and flavoured like the games of old (Baldurs Gate, D&D, etc.) and you like old school mechanics and unforgiving gameplay, EQ still has an edge over modern game design. Games in the 90s were designed as a challenge, not entertainment.
But it isn't only about EQ in general. P1999 has a very special community, very mature in general and very beginner-friendly. Most people played EQ as teenagers and now have kids and all things you got in your 30s. It's a different kind of company than your usual F2P audience. I don't say there's no drama, but there are almost certainly less hormones involved
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EQ is a niche nowadays as most old RPGs are. If you fit into that niche, EQ is gold.