I just came here to say this is the worst possible idea you guys can go through with. You guys were noted for having a game based on player skill, and not worry about gear, that was HALF your market about the game. Youre kind of throwing this away to attract a different crowd and youre really annoying a large portion of your playerbase.
I personally find the whole thing off putting and just dont even feel like playing.
The point is this isnt your style guys, you have a good thing going on, dont ruin it by going down the generic path.