There's already a server up like this. The Snowhawk Texas Toast server. It hasn't been connected it to the database yet because the server host doesn't have a static IP. But in the meantime anyone can go there and wear whatever you want for fun; of course there's no xp or gold gain, but there's also no repairs. Can be fun every once in awhile. We use it ourselves just to bullshit around periodically with ridiculous gear n' such.