Just linking the official announcement by Piestro here:
http://forums.station.sony.com/eq/posts/list.m?topic_id=173099
If you don't feel like clicking, here is a recap:
What will be the name of the Time Locked Progression Server?
* The Time Locked Progression Server will be named Fippy Darkpaw, as chosen by the community.
When will the Time Locked Progression Server open?
* Currently we are targeting Tuesday February 15, 2011 for the opening of Fippy Darkpaw.
What rule set will the Time Locked Progression Server use?
* The Time The Time Locked Progression Server will use the normal PvE rule set.
What sort of items and content will and will not be available at launch on Fippy?
* For the Fippy Darkpaw Server we have done our absolute best to remove items which would give an inappropriate or undue advantage such as Defiant Armor or certain tradeskill related items. Generally the items that you will find should be items that came with the expansion currently available or were unlocked during that expansion. Augments created specifically for progression servers will be available.
Will there be Hotzones or Hotzone drops??
* Hotzones and Hotzone items will not be available on Fippy at release
How about Marketplace items, will Mounts be available?
* In addition to restrictions on items initially available within the game, Marketplace, Loyalty, and Claim items have been similarly addressed. If an item or buff offers stats, it will probably not be offered from any of those methods until a later date. Mounts will not be available until Legacy of Ykesha is unlocked or later, depending on the mount.
How will tradeskills work on Fippy Darkpaw?
* We have made efforts to limit tradeskills to the expansion when the recipe actually came out. Potion making and jewelry making have had the old recipes enabled, and these will stay this way until the Prophecy of Ro expansion is unlocked. Similarly the new poisons will not be activated until around Underfoot. The exception is spell research where we will not reverse it to the older method. Instead, we have limited recipes for the appropriate expansion and made ingredients for research available in more zones..
How will progression work on Fippy Darkpaw?
* As with the previous progression servers, players will need to defeat certain challenges to unlock newer expansions. Once these challenges have been defeated there will be a grace period where the server will stay in the current expansion. After the grace period, players will be able to vote through an in game poll to unlock the next expansion. The voting period will be one week.
Initially the grace period will be 90 days before voting will start for Kunark, then 60 days for each expansion after that. At some point we will even have a vote to see if players wish to change that grace period.
If the majority of players vote to unlock the next expansion, the next expansion will unlock at the end of the poll. If the majority of players voted to stay with the current expansion, then there will be a one week grace period before another poll will be posted. This will happen until a majority players vote to unlock the next expansion.