Like many people I have been unable to get the target 3D ring working until today.
The solution for me was to use the 3D Analyze utility (
http://www.tommti-systems.com)
Need to enter the Device ID and Vendor ID number obtained from the ATIInfo utility (
http://www2.ati.com/drivers/ati-util-may2003.exe) in decimal format - the ATI utility reported the deice ID info for me in hex format which I had to convert.
Other settings:
Force SW TnL setting checked (3DA prog)
Application executable - eqgame.exe
Application pre-start - EverQuest.exe
UseTNL=TRUE (eqclient.ini)
This fix apparently works fine for other ATI cards.....
Not perfect but it works ok
Without this 3D-Analyze software I was unable to get any 3D ring at all with a lot of playing around. The ATI Mobility Radeon 7500 card I am using has 32Mb memory.
Hope this helps somebody else