This is not a good idea, and kicks out the new players of the game. I think this is the worst idea in MMO of all time, because everybody knows that late game is focused in PvP !
With this system, you push away the desire of a new player dive hard in the game and the Devs need to think that the game is not popular like 7 or 8 months ago.
I play NW since beta.
I have any friends who stopped to play because of this system.
Sorry, but actually, the HWM system is a trash. (and before was too)