Personally, I think there is too much of an emphasis on gear. They constantly upgrade the stuff so that every few months its time to collect a new set.

Not that new armor sets are bad, but when the invalidate all your previous work, it hits a chord in me. Of course, I have a somewhat strange view on gear to begin with. I really prefer your reward set for one type of gear to be a really good set of gear for another type of activity. IE, you PVP and get a good PVE set, then PvE to get a good PvP set. Counter-intuitive at first glance, but I always found that method to keep the game fresh as you never end up endlessly grinding the same thing.

I do miss the days of pre-60 when people actually looked like they wore a mish mash of gear they found exploring the world, or if you were really dedicated, you had a matching set.