Well, this realm reborn certainly seems a lot... simpler. It looks as though pretty much everything is going the "post-WoW MMORPG" route. Do you think they'll actually add enough to reward extra effort or to keep the game mildly interesting?
Simpler? yes, it does seem like a lot of the depth is being done with. Thing is we don't yet know if the depth lost will be returned by other means, of which we are not aware of. We loose fishing tackle, but now the rod brake's if the fish is to big (instant 0 durability). Maybe?
As for "reward extra effort or to keep the game mildly interesting" it depends what angle you approach the beast with. And how you balance the reward vs effort.. 6 months of 5h's a day of Sea for a "chance" at a torque, am sure they'll have something like that. Am sure there will be enough to reward extra effort, but who knows if the people who rush the content will find in interesting.
99th paper cut, and the grain of salt.