I am waiting for full patch notes with balance changes and new items before I decide, but this looks like it will be fun:
Level 36
21 Strength
24 Agility
5 Ironflesh
7 Power Strike
8 Athletics
8 Weapon Master
All WPF into 2H or polearm (probably polearm)
Going by the formula San posted, my WPF malus should let me wear 17 weight of armor with 0 WPF penalty. That means that plate would barely reduce my WPF. I would have 1 less PS and 1 more athletics/weapon master than the build on my recently retired level 35 char. And 5 Ironflesh to boot for extra HP.