The problem on most of the guildwars/pvp point style games/eqemu servers ive played is that once a guild gets everything that points can buy, it becomes boring for them, and also theyre damn near indestructable.
I think the item loot is a much better way to go, just because power can shift rapidly in either direction.
Ill have some of the web utils (for getting your char unstuck, bringing your corpse back to a common area after youve been looted, etc) up sometime tomorrow to help with some of that stuff.
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