I think we do need the jump. As much as I like them, I want nothing more than to unequip my L41 Arcane ring and L41 Planar pendant and put on some new gear. It's been over a year of using the same gear. Time for something new. A 10 level jump would certainly make these outdated pieces of gear officially obsolete. And also, you have to keep in mind that STG is revamping the skill system to incorporate skill mastery. We may need 10 skill points to get us started next expansion.
You have to accept the simple fact that nothing lasts forever. It seems unfair, but nothing is truly wasted unless you kept the gear in your stash or something. If you used it (in any way, shape or form) then you derived some form of value from the item. The amount you pay for the item is the "value" you can get from it. If I paid 100m for an arcane ring, I got over a year's worth of domination with it, but if I only paid 2m for one, then I deserve only a few months of the feeling OP.
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