Am I understanding this right? I am Gen 6. Am I going from 5 heirlooms to 2? A Gen 6 character can't even have 1 Masterwork item? Are heirloomed items going to become more powerful to compensate? I'm not worried about my alts as they're all only Gen 1 or 2, but I feel my main is losing a whole lot with this. I didn't pay 75 gold under the old retirement system for nothing. Or did I? This effectively takes away every single benefit from retiring prepatch, except for bonus XP, which I can only assume is on the chopping block next.
I do have a little faith that there's some kind of benefit in all this that isn't being mentioned, but I really feel like a lot is being taken away here.