There is a sticky post at the top of this page that explains much about the game.
It is never too late to start, there are new players arriving all the time. You will have the benefit of starting a game that has been through many updates and revisions to make it a well-balanced experience. And no need to mention the vast geography that you will enjoy exploring!
There is content for all styles of play, solo, group, and raid. Even if you happen to be on during a slow night, there is always things you can do as a solo player.
The leveling is faster than EQ1, mainly due to the high concentration of critters. Here you will get new spells with every level, automatically. No more having to run to the vendor to buy a new spell (except for higher levels).
When you create a character and choose a server, consider Najena. We have a bustling population, stable economy, players in almost every zone, and guilds of all levels.
When you get there, look me up. I can help you get started with advice, directions, upgrades, and some coin. Type /who all foundation to see who is on.
See you there! :)