Yeah I currently have accounts on both.
Everquest is playable during the day on ADSL. WoW isn't. The WoW pings get insane like as in 5000 - 10000 using it's built in pingmeter jobbie. I wouldn't have even thought that possible. Would have thought that they would timeout first. It's utterly impossible to play. After 5pm it gets better, and by 6pm it's down to around 400 - 600ms. Thats very playable. No problems whatsoever. Oh and weekends are fine as well. So it's just 9am - 5pm Mon to Friday that it sucks.
No idea what unshaped account would give. I had one but dropped it because I didn't need it for EQ. Don't need it for WoW either because 9am - 5pm Mon to Friday I am at work.
As I said before, EQ2 is a technically better game. It is beautiful if you have the machine to handle it. I mean really stunning. You can see dents and scratches in you armor. You can really see characters facial expressions. They have realistic weather effects, rain etc. But, to put this into perspective, I have and AMD 64 3500+ with a Geforce 6800 Ultra and 1.5 GB RAM. I cannot play on the highest settings. WoW you can play decently on almost any junk. I have everything maxed out without my machine even feeling it. Ok, this means that in 3 years EQ will be playable on the average machine and look great. WoW will have to think of graphics upgrades by then (which I bet are easily possible with the engine they have used).
EQ has a more detailed combat system, more character classes (races mean nothing though), better server stability, player houding etc. EQ2 is also in my opinion (shared by many) basically boring. It's a massive grind fest with little sense of direction or purpose. It just doesn't motivate me. And you cannot solo or achieve anything on your own. I found that a significant portion of my play time was spent looking for a group. And then if you get a bad group you gain nothing except XP debt (makes leveling even slower).
EQ2 has no PvP at all. No dueling even. They have no plans to put any in. I think this is a huge pity because it might give the game some direction.
WoW is much more light hearted than EQ2. Server stability is an issue (or so I've heard, not really experienced much). On some servers at peak time there are ques to log in with waits of up to 2 hours (again so I've heard, never been in a que and I play almost every night - depends on your server). But WoW is fun. You can log on and do something in 30 mins and feel like you did something. You can definitely solo. You need to group to do certain quests and dungeons (instances), but you can get to 60 all on your ownesome.
I dunno, it's just lots of fun. Light hearted, fluffy, quick and easy.
Graphics suck though
So I think WoW is the better choice for 90% of people. Hard Core MMORPG fanatics will probably prefer EQ2 though.
So come friday I suggest you wonder over to Stormrage. Look for people in a guild called "Flame of Anduril" (
http://www.flameofanduril.com)