I have full lordly set and I welcome this change!
Nerfing armor were a must it was getting very tedious seeing people with pure Strength specs and Lordly Plate, not only does it not have a single thing to do with skills but it is also extremely idiotic in terms of game-play. Even on my self a lot of people have been bouncing hits that should really have went through, stupid.
Hopefully the battlefield will be more even now with the new changes.