I agree that there needs to be some penalty for dying, but the combination of factors involved in an EQ style death were just too much. I can't tell you how many times it was late at night and I was off soloing when going LD caused me to log back in at my bind point, naked, with absolutely no way to recover my stuff, time, and xp until the next day when guildies were on. Later on that got a bit better, but you still had to hope that you could find a necro at 3am that was willing to travel to zone x to summon for you. That didn't make me fear going into those places, that just flat out made me angry. There has to be a reasonable balance in the punishment and EQ didn't have it.