Its challenging, but not the way it was. And there was a long time that it was not. My statement stands. And yes, I still play live....AND I tried Cata (wife wanted to be a Kung Fu Panda). No change there, still complete shit.
Yeah, WoW isn't challenging at all. I will disagree with saying that it wasn't challenging in 2004, but other than that, it's a completely cake walk now. Within 3 days of new raids being released the guild I was in beat all of them here a few months back.
And honestly, I would say EQ IS just as challenging as it was, unless you're talking about the stupid long grind to level up, in which case, no, it's not. But why should leveling up be where the challenge is in a game? To me, it shouldn't. The challenge should be in the progression and raids, and unless you've done all (or most all) the raids in VoA, then you probably don't know what I am talking about.