Yeah, I haven't seen a single leve that offers actual gear. The amount of gil seems about the same, though. I do agree that the amount of gear you could get from leves in beta was a bit much. Out of 4 leves, sometimes 3 of them gave gear. So far, I've gotten mostly just stuff like sheepskin in addition to the gil.
I'm not sure what a good medium ground would be for this. Maybe if when you trade in the max of 4 other leves you get a piece of gear for sure. The rest of the time, it could be as it is now, rare but still random.
I disagree though that there's no incentive now to do the leves. The gil is always good. It's great to know that at a regular interval you'll have a guaranteed way to get gil if you need it. And the increased rank points while using favor is another thing.
I was surprised to see the lack of gear for rewards after release, but I just thought, "Oh well, I figured that was too easy to be kept."
FFXIV: Luthien Tinuviel, Elezen Female, Balmug (And will re-roll on a new server in August)
FFXI: Luthian, Elvaan Female, Bismarck (originally Luthien on Seraph):
85RDM | 80WAR | 76DRG
I've always been of the opinion that Warrior was the Swiss Army Knife of Vana'diel.