I had planned to read all the thread but after 5 pages full of interesting articles, I give up and put my two (Euro)cents in it.
- exploiters : ban them.
- overequipping :
Why not have a difference between PvM and PvP :
Put rules on overequipping only for PvP and diminish PvM difficulty.
This way :
- poeple who want to twink will be able to do it. They will even be able to win tons of money they will never be able to use. They will spend time killing MOBs in the fastest possible way. What's the problem if they like it. On the other hand, they will not be able to use this in PvP against players who don't want (or have time to) twink.
-poeple who wants to enjoy their character trough roleplay and event will be able to do it and also to level up and chalenge MOBs in a fair way. They will even be able to PvP if they feel the need to.
For the way to go, I will suggest the hard way :
Everything stop working but stay equipped.