Just has a news flash pop up on Facebook saying everquest 2 is F2P on steam...supposed to be a decent game is it not? 
http://store.steampowered.com/news/6951/

http://store.steampowered.com/news/6951/
Getting absolutely terrible performance here - an i5 2500k, gtx 560 ti, and 4gb of memory, and it's barely playable.
Messed around with a lot of the settings, couldn't get it to run smoothly, even selecting 'balanced' from the presets, which looked really rough.
I'd swear it ran better on my old 4870.
Ah, I'd been missing the tiny 'advanced' button on top of the options box.
/wanders off to tweak
Must be an issue it has with your setup then, the game's always run like a dog on higher settings, I can max crysis 2, witcher, skyrim e.t.c. comfortably, but try to turn the graphics up in EQ2 and things generally grind to a halt in the ultra region, normally runs ok and if you have a decent fiddle, you can get something that looks fairly decent with good performance.
Make sure you're using GPU shadows and Shadow 3.0 in particular, turn down the dynamic lighting radius or whatever it's called, that mullers performance.
Remember Skyrim and Crysis 2 are ports from the more popular gaming machines. They run well on anything. EQ2 was made for PC, like the Witcher 2.
Do they still hamstring your skills? I seem to remember playing when it first went free to play and couldn't upgrade my characters skills/spells fully.
The engine has been licenced for the new SW:TOR. I hope it scales better with larger resolutions and new gfx cards.
No it hasn't? Dunno where you got that idea.
Also, since I guess you're not keeping up with news, the game's just changed to a fully F2P model, no more seperated servers, F2Pers on in with subscribers now.