Not entierly sure im convinced by that really...its nice if it "works as intented" - but it seems its more aimed at guildbank theft and scams which are done out of groups. And to that this is sort of just a written down text of what they are already doing no?
When i mean "out of groups scams" i mean, say for instance Nershaan whos an enchanter. Many people come to me with their mats to get an enchant. If i then get the mats traded to me and do not give the enchant back, i've scammed that player for his mats for my own gain. And in these situations they already have these consequenses to my knowledge.
- May be banned temporarily from the game
- Get my scammed items or gold removed.
Old news really.
The "new" looting system seems to be the system we already have had in function for quite a while now.