Pretty sure people like my bro who is level 34 (I know there's a lot of other 34's, and a shit ton of 33 and 32 players), and the couple level 35's (canary/miley) would be really pissed about how much time they put in, to see it wiped. That's really the only thing I have a problem with for the wipe.
I'm gen 11, almost to level 31 (on my final build) have 3 fully loomed pieces of equipment, and I would like to see a wipe. Ideally I'd like to see heirloomed items removed. I was never a big fan of skill being based on (even partially) on who has the best pixel crack. If we both have the same item, it should have the same stats.
But I'm guessing that's a pipe dream.