Just to clear up confusion ATM there are no restrictions on gear or classes. The stuff Hobb talks about in his OP is not official yet, and while we might add rules in the future it's subject to further testing.
Right now on the server there is a 40,000 gold gear limit (functions like that EU "newbie" server limited to lvl 20). At 40,000 the limit "soft caps" armor at about 50-55 and also as people have noted, looms basically double the "price" of gear making their possible use very limited.
We are currently in a phase where everyone should just be trying to get their roster together and start organizing some exhibition scrimmages to get a feel for the settings and your rosters.