Wow, the patch has been out for what, like 20 hours and people are making it sound like the apocalypse is coming.
Let's calm the fuck down.
Here's what a server wipe will accomplish:
-It will piss off lots of dedicated high gen players, possibly driving some who were previously on the fence with sticking around to finding a new game to play.
-It will show the whiners and trolls that the development can be swayed and they'll use that in the future.
Doing a database reset will screw over a lot of people's time and effort more than it will balance everything else. Contrary to the whiner mantra heir-loomed equipment is only a minor advantage that player skill and character build will overcome pretty much every time. With the recent changes to slot requirements the amount of heir-loomed equipment you can wear has been reduced anyway, so there has already been a subtle 'nerf' to high gen players in this way.
Everyone goes from 1-31 and back again, even the high gen characters will go through their peasant phase like everyone else, the ONLY gameplay advantage they have is the minor bonus to some of their equipment. Sure they can level quicker, but that seems like a nice bonus since it doesn't affect gameplay, just the ability for them to try new builds at a quicker rate.