Then we disagree.
If I wanted what you described, I wouldn't have stopped playing Native MP, because it is Native MP.
no it's not. because character customization is still there, more items than native, there is a dev team balancing and improving, there are other game modes, 100 slots servers, strategus, BUT the grind part gets removed.
now only because i play since 2010, i have a full set of +3 armor, several +3 weapons. that's a bit too much advantage versus a fresh level 30 newcomer.
but i bet a good amount of cRPG players will leave after a wipe. even by getting rid of "magical" (improved, boosted, giving advantages) stuff.
now most people play to get x5. we keep playing even when we have to do somethingelse but "damn i have the x5... can't leave now..." kind of stuff.