Everquest is not outdated, but it's not the game it used to be either. It's been around long enough for the mechanics and graphics and mass appeal factors to have all been updated. The community is more mature overall than in most other MMOs. SOE currently plans on releasing a new expansion once a year. They usually don't release new content except for purchased expansions, but sometimes they add a zone or revamp things.
They will support it for another few years at least I'm sure. At least, with patches and expansions. The in-game support isn't what it's cracked up to be, but they do have GMs and Guides and systems to resolve problems if you can reach anyone.
I would skip Titanium and download the EQ Starter Pack from the online Station store for $20 if you don't want to get the one latest high end content expansion too in the $40 bundle.
Check out
THIS POST if you do decide to give EQ a whirl.