One thing that really sucks about every expansion raising the level cap is the barrier to entry for new players gets higher and higher. EQ2 is nice because of the mentoring system, but still the higher the cap gets the more desolate the lowbie areas get and the more content that gets obsoleted.

I like a skill point based system like EVE or pre Cu SWG, people are free to do new stuff and try out different play styles without constantly having the bar raised higher and higher over their heads.