I am very glad they did this, and I hope they follow through.
My main used (and stockpiled) longswords and eventually swapped to rapiers (Elf for all Heroic lives) because longswords were so suboptimal. Now she can go back and has an excuse to farm a Soulrazor.
My main alt is always a Dwarf and has a huge stockpile of Dwaxes and GrAxes, and even farmed out dual Deathnips, but I tossed all the hammers and battleaxes because again, suboptimal. Now he can roll a Warpriest of Onatar build and not suck hopelessly.
It is frankly amazing that they identified this issue, and while this solution isn't perfect, it's better than nothing, and opens up a lot of options.
Also, I'm surprised nobody brought up some of the good sleepers:
- Watchers Blade
- Nightforge Hammer
- Nightforge Avengers Blade
- Coronation
- Phosphor
- Axe of Adaxus
- Unkor's Cleaver
- Threnalian Warblade
- Morrnh
- Oathblade
- Sirroco/ Epic Sirroco (which I sold...

)
- Forge
That's just off the top of my head. This was a needed change, even if it was 12 years late...