Fandalg you'll be fine, my buddy is playing it on a 700 mhz processor,256ddr ram,geforce 128 mb and a 25 gig hard drive. I dont know the settings he's running the game on, but on his computor EQ2 has the best graphics i've ever seen on an online game.
On top of that he had no lag where ever he was killin monters at, he did get lagged abit going into freeport. The screen lag was about like the lag in pok on eq.
Seriously, this makes me wonder why they gave such high system requirements for EQ2 when my friends computor can easily run it at his above system specs. I'm thinking maybe the system requirements that they put down are requirments needed to run the game almost flawlessly on normal settings. Bah! Who knows lololol