I think they allowing respec for lvl 32+ people would be a good thing to do.
The option I have taken is to retire and skip the fun. I've deleted my character twice in 2 days now, testing out different builds, playing as my most hated builds archers and cav.
But for the people way out there in the distant reaches of the levelingexosphere this option is just not good enough.
People being able to exploit a respec for the sake of looming archer gear for cash, I agree that would be a bad outcome. So having the respec ability kick in at lvl 32 should get make the potential for that abuse really low and hopefully a none issue. No one in there right mind is going to grind that much xp for the sake of 200k gold. In the time it takes them to get to lvl 32 they would have blasted most of the way back to 31 and gained a heap of gold in the process, and they would have a loomed item they could use themselves.