EQ2 is an old game based on old technology and graphics engines - WoW is specifically designed to utilise the latest and greatest - so of course the graphics of EQ2 is going to be less than WoW
The devs have tried to address the graphics issue over multiple GUs and I think you will find that as each expac is released, the graphics 'should' and does improve
Will they ever be on par or surpass WoW? No - totally different graphics engine and seriously - why be another WoW clone?
In 10 years time when we're all playing EQ4 and WoW2 - with our 10000gig graphics cards and multiplexmultiple cores - we'll all be sitting around scratching our heads larfing at how crappy the graphics of the current WoW are...
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