Guys, chill.
I think this is a good step, as long as the platinum price is reasonable for this. All those inexperienced players will have to go through a ton of XP to level up to 46 and participate in elites. In case you haven't noticed, it's around 6k XP just to get to L42.
The only negative (?) effect will be that PvE gear below L41 will severely drop in price. It's not like there was anything great there anyway though.
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