Did you read the update? Erik Kain (the author, saw a post below saying you didn't know who it was ;) ) meant to say we get a loot wipe, not starting our characters from scratch again. Somewhat like what happened at the beginning of TTK. We keep character progression but not the loot. Whether this is a good idea or not is debatable, but I wanted to inform you of the update he made to his article on Forbes. :)