I'm okay with everyone having the same skill cap. If its 720, or if its raised. I think thats only fair, and that the old system of catering to vets was wrong.
As it is we still have vet rewards, that still give unfair advantages, like ethy mounts. Although they did release the charger of the fallen, but these days even those are becoming rare or hard to come by for any new players. I think thats another issue they should fix. Like add a charger token to the uo shop, so everyone can buy it, or add them to the library rewards, so newbies can earn one.
I'm just against removal of skill jewelry, or limiting skill jewelry from raising past your skill cap.