I found this thread from the safehouse which mentions a patch implemented on the live servers on 02/24/2003 where they "fixed" something with the Hermit. After this fix went into the game it appears that the quest was solved. If the quest was supposed to be solvable during Velious, I have not found any info yet. Since it was not solvable during that era either due to issues with the quest NPC or was not implemented at that time, then it would be up in the air as to whether it will be implemented on p99. Some random posts I have seen make it sound like this quest should have been solvable in the velious era but was broken. It would be nice to know whether this 8th cap will be implemented on p99, otherwise the p99 wiki should be updated to reflect for certain at what stage the quest line ends so as not to get anyone's hopes up.
http://www.thesafehouse.org/forums/f...subquest/page9
(Here is a google chached link of same
http://webcache.googleusercontent.co...minor-subquest )