Advancement Curve Changes for Level 56

[wamphryi]

asommers .... Question....how will this affect current players? We everyone be "de-leveled" back to the appropriate level (so all level 50's will drop to 48 because we have 4464 exp) or will everyone exp be adjusted to match their current level?
Specific example:
current level 50 with 4464 exp. when 1.7 hits will that character:
1-stay 50 but have exp bumped to 5205
2-"de-level" to 48 and have exp stay at 4464