“Revisions to the gear enhancement system are underway, the first to arrive is the much anticipated Gear Purification NPC, allowing players to downgrade equipment for a nominal fee. In addition to this, the recently introduced Renown Score system has been included, granting a variety of new bonuses to work towards. To make finding your equipment even easier, we’ve added the ability to view all individual storages at each city from local Storage Keepers.”
Players should also expect the new “renown score,” new titles, storage conveniences, new dailies, new baddies, easier guild kicks, a big boost to PvP damage and crowd control skills, and bird meat for you folks who fancy eating seagull.
Source: Official site, patch notes. As for the title, I regret nothing.