There is no such thing as over-equipping anymore. The exploits that allowed people to over-equip are fixed, all that remains is legitimate character improvement. I doubt you lazy clunkheads who whine about over-equipping realize how much time, effort, and know-how it takes to make an uber character. Those who put the effort in deserve the rewards they reap.
The only over-equipped characters that exist now are the ones who had implants in before they fixed treatment clinics. Funcom took the easy way out and assumed that they would all lvl and it wouldn't matter - but they're not. PvP whores stayed low before to fight n00bs, and now they have even more reason not to go lvling. I think something needs to be done to de-equip ppl with impossibly high implants.