I am just gunna go off on my own rant here because I kinda agree with a little of what most everyone is saying here....
I didn't expect AoC to be the "end all, be all" MMO and to totally wipe out EQ2. I did expect it to put quite a blow to eq2's fanbase which I believe did happen. Honestly though AoC imho wasnt all I expected it to be. and here are a few reasons why..
***DISCLAIMER*** These are my OWN reasons..not a generalization***
-Repeating gameplay (Same old shit, goto open area, do quests, goto next area)
-Damn there every dungeon with the exception of 2 I believe instanced,
-Lack of promised raid content
-Insanely easy leveling
-Alot of the 13-15 year old WoW fanbase coming over and just being overall jackasses and morons. Flooding the chat channels with dumb shit and KS'ing like it fucking honestly mattered (Spawn timers are NOWHERE near EQ type)
But to be civil about things I left EQ2 a few months before AoC came out basically because I was sick and tired of the road that the game was going down... Developers dipping out, being assholes, and the game not listening to its most dedicated players. And just overall fuckup of Kunark. I think my love and devotion for the game kinda died around then. AoC was just a rebound fuck....
I havent really seen anything in EQ2's future that as a raider would persuade me to return. And honestly for that matter any MMO I have heard about in development... I think the days of a hardcore MMO are long gone now that MMO's are being made to be "Mainstream" and there isnt a particular genre of people that are being catered to anymore. Now its just the almighty dollar doing the decision making.
But I will tell ya what though...I am having a fucking AWESOME time playing on a EQ1 Emulated server.. The one I play on is specially designed to let you do raid/dungeon content with 3-4 people. (Because its a small server of roughly 300 heads..if interested PM me for info) Hahaha nothin says lovin like clearing PoF or PoH Duoing ;)
Another team is currently in the alpha stage of making a Emulated EQ2 server. I would LOVE to get on one of them where the players have a huge voice.