Honestly, you raise the level cap, and that same night, I'm seeing 28-30s running around towne talking about starting their uberguild. Since we're not paying a monthly fee, I don't see the harm in making it harder to gain XP.

And just so I don't sound like a complainer, I've got a 25 mage and a 27 archer. Didn't anyone play Ultima Online? This reminds me of early UO, and back then, a 7X GM actually meant something. Anyone can hit level 30 in this game with a little effort.